Not many people seem to feel happy about their financial lives right now. In the US, 63% of Americans cited money as a “significant stressor” in their lives, according to the American Psychological Association’s 2023 Stress in America report. Among those aged 18 to 34, that number went up to 82%. In the UK, a November 2023 poll found that a third of adults had felt anxious in the past month because of their personal financial situation, and 9% reported feeling “hopeless”.cdxnmgh
There are concrete reasons for this anxiety. In the US, high inflation has given consumers a grim outlook on the economy, and a cost of living crisis has seized the UK.
