Posted on 05/30/2022 8:30:09 AM PDT by RomanSoldier19
Two-thirds of Americans are trying to keep their financial struggles a secret. A recent survey of 2,000 U.S. adults found that 66 percent have avoided social events because they’ve felt embarrassed or uncomfortable about their financial situation.
Some respondents say they’ve steered clear of birthday parties (33%), weddings (32%), happy hours (31%), and networking events (31%). Recent increases in gas prices and inflation have left 56 percent feeling “extremely” or “noticeably” more stressed.
Conducted by OnePoll on behalf of Beyond Finance for Mental Health Awareness Month, the survey also found that 67 percent engage in “stress shopping” when feeling financially overwhelmed and end up buying things they don’t need.
People tend to buy more collectibles they don’t really like (51%), fast food (51%), expensive clothing and accessories (50%), and even duplicates of items they already own (48%). Three in five (61%) feel like they’re not earning enough money to live their life to the fullest. Those with annual household incomes under $30,000 were the most likely to say so (78%), as well as Northeasterners compared to respondents from other regions (75%).
(Excerpt) Read more at studyfinds.org ...
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From what I’ve seen, most people who are struggling financially are doing so because they make poor decisions.
Can get everything they need free, compliments of the taxpayers.
I’m older and I don’t want to hang out with a lotta old women.
“the survey also found that 67 percent engage in “stress shopping” when feeling financially overwhelmed and end up buying things they don’t need.”
They’re too stupid to have any money at all.
Do you mean at the polls?
We certainly don’t vacation as much. Actually not at all in a few years. Not covid but just expensive. We used to go hard.
Also known as “retail therapy.”
I avoid social events because I don’t like people
If only there were some way they could cut their expenses. But it doesn't seem there's any way because they've already cut out all non-essential expenditures.
That too.
My wife and I are comfortable, but I do worry about money especially where the kids are concerned. Lost my job right before Easter, and had a couple of false starts at new jobs (stuff they dont show you in the interview shows up real quick when you start working) before starting work again last week. I can attest to the stress shopping urge. I didnt succumb, however. Even trying to justify it as motivation to find a new job fast.
FR is one big social event. All we are missing is the smelly bodies and bad breath.
The other 1 is just unsociable.
I am on Soc Sec—as are many other residents in this valley-—retired.
I do NOT know a single one who is getting everything for free.
I only know ONE elderly man who actually goes to the food bank each week.
What he said.
the survey also found that 67 percent engage in “stress shopping” when feeling financially overwhelmed and end up buying things they don’t need.
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That behavior is not helping.
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