Survey: 56% of Adults Have Trouble Sleeping at Night Because of Money Problems

Sometimes you lie in bed at night having trouble falling asleep, so you toss and turn while your brain just keeps churning. If you’re one of these people then you’re not alone! A recently published survey by Bankrate reported that 78% of American adults experience insomnia over daily stresses like financial problems, work, relationships, and more.

Source: bankrate

The survey shows that over 56% of the respondents aged 18 and older lose sleep over money issues which include everyday expenses, saving for retirement and healthcare. Out of this, almost 1 in 3 or 32% of the respondents said that everyday expenses were one of the biggest stressors.

Although middle-aged adults (39-54) were the ones that lost sleep the most, every generation is similarly affected by financial problems and suffers from insomnia as a result. The members of Gen X (aged 39-54) were the most affected by financial problems, with 64% saying that they would toss and turn at night over at least one money worry. These worries include the ability to pay for their mortgage bills and monthly rent.

Source: straits times

Millennials (aged 23-38) are the second-highest group that suffers insomnia as a result of money issues. About 58% of millennials said that they were worried about saving money for retirement while some of them also pointed out that housing costs and credit card debt would make them lose sleep as well. #relatable

Meanwhile, 54% of baby boomers (aged 55-73) responded that they were could not sleep due to money-related stress as well. Most of them said that they were worried about everyday expenses while 25% of them said that they would often stress over retirement savings, healthcare, and insurance bills.

Source: shutterstock

Although the Gen Z (aged 18-22) seems the least affected by money worries, this doesn’t mean that they aren’t affected. In fact, 33% of them are worried about their everyday expenses as tuition costs begin to rise and these burdens start to fall on their shoulders.

It looks like this insomnia issue affects those with high or low income as well. 63% of respondents who earned less than $30,000 (RM123,000) a year were plagued with financial worries but for those who earn $80,000 (RM330,000) a year, 53% of them said they felt the same as well. 

It looks like everyone worries about money! It’s true that it seems living only gets more expensive by the year. What do you think about this survey? Let us know in the comments!

Also read: Study Reveals That Malaysians Are Poorer Than The Government Thought