June 30, 2015 1:24 am
The most common concern leading to sleepless nights is retirement savings, followed by educational expenses and healthcare and insurance bills. Mortgage and rent payments and credit card debt are less distressing than in previous years, the survey reveals.
"The biggest change over the past eight years has been the steady increase in the number of people losing sleep over educational expenses," says CreditCards.com Senior Industry Analyst Matt Schulz. "That's the only one of the five categories that has gotten worse since the Great Recession. Unless something slows the rapid rise in college costs, this could soon be Americans' biggest financial fear."
Predictably, those with an annual household income of $75,000 lost sleep over at least one of these issues far less than those with an annual household income below $75,000.
Published with permission from RISMedia.