Anxiety can come from many sources. This includes money issues. Money-related anxiety can sometimes get to very high levels. When it does, it can have all kinds of major impacts on a person's life.
A recent study indicates that high levels of financial anxiety may be particularly common among working millennials. According to the study's estimates, among millennials:
- 23 percent are, weekly or monthly, made physically ill by money-related anxiety.
- 28 percent experience money-related anxiety high enough that it regularly impacts their job performance.
Millennials showed significantly higher levels of both of these things than the general working population.
Why do you think major financial anxiety is so prevalent among millennials?
Given the effects that significant financial anxiety can have, reducing the financial stress one is experiencing can be important. One thing that might help with this is properly addressing the sources of financial pressure one is experiencing.
Many things can put significant financial pressure on a person. One of these things is having a lot of debt. So, when one has a high debt load, reducing or addressing that debt burden has the potential to take a lot of pressure off of them. There are various options out there for trying to tackle a major debt burden, including bankruptcy. Picking the right option for one's circumstances can be critical. So, having professional guidance on their options for addressing their debt from a skilled bankruptcy attorney can be important when a person is trying to figure out how they are going to get out from under a significant debt load and the major financial pressure such a load carries.