The main cause of stress for consumers is money and finances, according to 47% of respondents in Year 2 “Money Mindset” Huntington Bank survey, surpassing the 40% who cited the ongoing pandemic as their main stressor.
Only 51% of respondents said they had an emergency fund set aside, a significant drop from 64% in the previous survey. In addition, 36% of respondents said they had chosen between paying a medical bill or another cost in the past two years, up from 27% in 2019. The number of people reporting living paycheck to paycheque is increased from 40 to 46%. % one year earlier. The survey also found that 16% of those aged 18-23 and 13% of those aged 24-39 said they had to borrow money for rent.
Meanwhile the worries of not having enough
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- Headline: Survey: Money, finances lead pandemic as stressors for consumers
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