This Is Our Greatest Financial Fear

© Brandpoint

By Esther Bergdahl, Sapling

It would be nice if a global pandemic meant we didn't have to worry about money anymore — isn't one all-consuming fear enough? — but unfortunately, most of us aren't that lucky. The staggering economic losses, coming on both the macro and micro scale, include mass unemployment, evictions, skyrocketing income inequality, and shortages of food and goods. We're scared of a lot of things these days, and rightly so. One particular fear, however, is more prevalent than ever before.

Gallup and the nonprofit WestHealth have just released a new survey on the effects of high costs in health care for Americans. The findings are pretty stark: Fully half of Americans fear that a major health event could lead them to file for bankruptcy. When you break down the demographic data, this worry is far greater among marginalized minorities, as well as young people. This particular fear has also grown more prevalent among all groups. Survey responses jumped to higher proportions across the board, sometimes as much as 22 points.

Even before COVID-19, we were a mess about our finances, especially when it comes to anxieties about debt and precarity. The pandemic, however, has been stressing us out on a scale so monumental, new research shows that rates of depression among U.S. adults have tripled since it began. The good news, at least, is that while it's natural to be scared of financial hardship, there are ways through it — and out. And if the pandemic winds up triggering total economic collapse, well… it turns out there are strategies to get through that too.

See more at: Sapling

COMMENTS



Name

Career,326,Food,383,Health,214,Lifestyle,454,Money,220,Pets,360,Relationships,56,Travel,264,
ltr
item
BestLife Insider - Health, Lifestyle, Travel and More ...: This Is Our Greatest Financial Fear
This Is Our Greatest Financial Fear
https://1.bp.blogspot.com/-7wO1Kxxztzo/X17Ht4bOb7I/AAAAAAAAFZ4/-kZRtj2P4EkZuYqahTuvW_CwX7yKmyEVwCLcBGAsYHQ/s16000/finance.dearjulius.com.jpg
https://1.bp.blogspot.com/-7wO1Kxxztzo/X17Ht4bOb7I/AAAAAAAAFZ4/-kZRtj2P4EkZuYqahTuvW_CwX7yKmyEVwCLcBGAsYHQ/s72-c/finance.dearjulius.com.jpg
BestLife Insider - Health, Lifestyle, Travel and More ...
https://www.bestlifeinsider.com/2020/09/this-is-our-greatest-financial-fear.html
https://www.bestlifeinsider.com/
https://www.bestlifeinsider.com/
https://www.bestlifeinsider.com/2020/09/this-is-our-greatest-financial-fear.html
true
4617061866208768785
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content