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Why Do Younger Workers Have So Much Financial Stress?


Why Do Younger Workers Have So Much Financial Stress?

We all experience our share of financial anxiety to varying degrees. But according to a new Schwab study, younger workers are disproportionately affected by money-related stress.

An estimated 35% of millennials experience so much financial stress, in fact, that it impacts their work performance, whereas only 18% of Gen Xers and 11% of baby boomers say the same. And that's concerning -- first, because too much stress can mess with our health, but also, because poor job performance can lead to -- you guessed it -- even more stress. And that's a cycle in which nobody wants to get caught .

What's giving millennials so much agita? For one thing, student loans. Nearly a quarter of millennials blame high levels of student debt for their money-related anxiety. But given that the average borrower aged 20 to 30 is on the hook for a monthly payment of $351, that's not particularly shocking.

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Source: Fool.com


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