Personal finance tops dreaded talks
By Juan Rodriguez and Laura Mohammad
It's official: We would rather talk about death than our finances.
In Wells Fargo's Financial Health study, 44 percent of the 1,004 adults polled found talking about personal finances more difficult than talking about politics, religion, taxes or even death.
It may not be coincidence that money causes huge stress in Americans' lives.
The national online survey, conducted by Market Probe Inc. and released Feb. 20, showed that about 40 percent of those polled said money was the biggest stressor in their life, and the same number said they were more stressed about finances than they were a year ago. A third of the participants, who were ages 25-75, said finances even made them lose sleep.
Women were more likely to have difficulty discussing finances (50 percent), while 38 percent of men said the same. About half of the women graded their financial literacy at "C" or below; 65 percent of men gave themselves a grade of "B" or better.
To use the graphic on your site, use the following code:
Published: March 5, 2014
- Card resolutions abound for 2017 – Paying credit card debt weighs on many Americans' minds ...
- Online fraud surges after EMV chip cards hit the US – Crooks switch to where cards are still vulnerable ...
- Millennials strongly prefer cards – Except for when they’re directly paying another person, millennials are overwhelmingly choosing a debit or credit card ...