Mood and Money: Emotions Drive Financial Decisions
Research by Wealth Enhancement reveals that 61% of Americans feel stressed about finances, with 44% avoiding account check-ins due to anxiety.
A significant number of Americans, nearly half, avoid checking their financial accounts due to stress, as reported by Wealth Enhancement.
- 44% of U.S. adults avoided checking a financial account in the past 12 months due to stress or fear.
- 66% of those who reported feeling very or extremely stressed about their finances adopted this avoidance.
- 63% of Gen Z respondents also avoided checking their accounts due to stress.
39% of respondents who report feeling stressed, anxious, or sad said they are likely to spend money to feel better.
Author's summary: Emotions significantly influence financial decisions for many Americans.
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