How stress can hurt your ability to make smart financial decisions

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A new study shows 77% of Americans feel anxious about their financial situation. And this stress hurts our ability to save money, budget, and pay off debt. - NBCNewsBETTER

ost messes in life are very hard ... but a financial mess is absolutely devastating, stressful beyond belief and terrifying.”

“$35K in debt. Don’t know what to do. I make $62,000 a year and I never have any money. It’s embarrassing and exhausting.”The Decision Lab researchers found that getting someone to deal with their stress, shifting their mindset from the small things to a bigger-picture viewpoint, can help mediate the effects of stress on their financial decision-making.

 

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BETTER No shit. People been feeling that since I don't know fucking forever. Grow a pair.

BETTER No surprise there. That’s basically everyone I know.

BETTER What does this say about very recent studies claiming that almost 2/3rds of Americans feel better off financially than they did a year ago. Something doesn’t square here and I suspect the sampling, questionnaires and/or methodology of the “better off” studies are deeply flawed.

BETTER I hope that's 100% of Trump supporters are suffering.

AmericanMOM01 BETTER Let's hope no one gets sick. M4A corononavirus

BETTER but the orange man said in incomes have risen 60%

MargaretDudley1 BETTER Lack of money is the issue, the stress is caused by that alone.

BETTER Weird I thought Americans were economically better under Trump. I’m sure he said wages were growing faster than ever!

BETTER I guess this destroys trumps bogus claims that the economy is doing great.

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