Although credit card debt is more stressful than either health care or living costs, what’s most likely to keep you up at night is a lack of savings for the future
Credit card debt falls near the top on the spectrum of money worries, with 12 percent of respondents saying it’s their biggest worry. The inability to retire by 65 (which one-third of participants doubt they’ll be able to do) is the most worrisome, followed by a general lack of savings. Everyday living expenses, health care costs, housing costs (rent or mortgage payments), financial chores and education expenses round out the rest of the list. Caring for edlerly family members (and children) are the worries most distant from consumers’ minds.
The chart below shows the percentage of survey participants who found a particular worry to be the most stressful. Surveyors polled 1,223 U.S. adults (between the ages of 25 and 54) who had at least one credit card. The survey results also included 4 percent of participants who selected “other.”
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