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Economy and Money Top Causes of Stress for Americans
Date:6/4/2008

Psychologists Recommend Staying Calm in Uncertain Times

WASHINGTON, June 4 /PRNewswire-USNewswire/ -- As talk of falling housing prices, rising consumer debt and declining retail sales bring up worries about the nation's economic health, the American Psychological Association (APA) finds that many Americans are stressed and anxious about their financial future. An APA poll on the causes of stress reports that two-thirds (66 percent) of Americans identify the economy as a significant source of stress in their lives. Three-quarters (75 percent) are stressed by money and more than one in two report that housing costs are causing them stress (56 percent). In addition, almost one half of Americans (48 percent) report that job stability is a significant cause of stress.

The poll, which was conducted online by Harris Interactive(R) between April 7 and 15, 2008, among 2,529 adults, also finds that work (62 percent), family responsibilities (61 percent) and health concerns (57-59 percent) are significant causes of stress for a majority of Americans. This mid-year interim poll precedes APA's larger annual Stress in America survey, which is released each fall.

"With higher prices in the stores, the rising cost of gas and constant media coverage of the state of the economy, many Americans are stressed about the state of their finances" says psychologist Katherine Nordal, Ph.D., executive director for professional practice at the American Psychological Association. "For some people, uncertainty about their financial future can trigger uncomfortable levels of anxiety."

Dr. Nordal recommends taking stock of your situation and developing a plan to move forward.

"Use this time as an opportunity to make needed changes," says Dr. Nordal. "Analyze your priorities and figure out new ways to manage your stress, and take control of your finances. Pause but don't panic - remain calm, stay focused and avoid getting caught up in the doom-and-gloom hy
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SOURCE American Psychological Association
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