The world has changed considerably since the onset of the COVID-19 pandemic, but financial stress re꧟mains the top source of stress for many Americans, according to a this month by . Close to a third of survey respondents identified finances as their biggest source of stress over the past 30 days, while only 1💦6% chose the COVID-19 pandemic, even as case rates surged across the U.S.
The pandemic contributed to job losses, extra expenses, and other financial difficulties for millions of Americans. Yet, only about a third of those surveyed reported that COVID-19 had a moderate to extreme impact on their financial issues, suggesting that for 💮the majority, financial stressors did not begin—and likely will not end—with the pandemic.
A Sluggish Recovery From Pandemic-Related Finan𝄹cial Strꦛess
For those who were impacted by the pandemic, the survey’s results point toward a slow recovery from money-induced stressors. The share of respondents who said their financial stress was influenced by the pandemic remained at about one third 🌞throughout the spring and summer, even as other pandemic-related sources of stress declined.
Overall, nearly half or 45% c❀laimed they had mentally recovered from the pandemic so far, while 27% said they had recovere🍸d somewhat, and 17% said they only recovered a little. 11% said they have not recovered at all.
Individuals With Middle and Lower Incomes Stay Stres🍷sed🦋 Longer
Those with middle and lower incomes before the arrival of COVID-19 were more likely to struggle with their stress longer. More than half of individuals earning under $75,000 a year, and Gen X or younger generations, reported they were still recovering mentally from the pandemic. The median annual household income in the U.S. is $62,843 according to from the U.S. Census Bureau.
The opposite was true for older generationไs and individuals with annual incomes of $75,000 or more, with more than half claiming they’ve effectively recovered. White and male respondents were also more likely to say they’ve recovered.
Loss of Income Comes With Side Effects
Job losses in particular tended to come with a number of side effects, the survey note🌄s. Those who lost jobs during the pandemic were significantly more likely to have difficulty sleeping, maintaining focus, and had less interest in leaving the house or spending time wit𒅌h family and friends. Irritability and changes in eating habits were common too.
“In essence, a money problem become🌃s an everything problem,” saꦉid Verywell Mind Editor-in-Chief Amy Morin.
Financial stress stemming from unemployment can become a stickier problem to resolve as well. The majority or 62% of those ༒who lost jobs indicated the pandemic is still negatively affecting their finances, and only 26% said they had fully recovered mentally from their losses.
Earlier this month, the 澳洲幸运5官方开奖结果体彩网:Department of Labor (DOL) reported U.S. employers added 943,000 jobs in July, in the 澳洲幸运5官方开奖结果体彩网:greatest monthly gain sinc🎃e August of last year, but that an estimated 8.7 million Americans remain unemployed.