| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Americans Are Stressed Out About Money, Annual Survey Shows – TDV Week In Review: February 15, 2015
[The Following post is by TDV Correspondent, Justin O'Connell]
Originally appeared at GoldSilverBitcoin
Americans are stressed out. And, perhaps unsurprisingly, they are most stressed over money, according to a new survey. Over 1-in-4 Americans report feeling stressed over money most or all of the time, and most say this stress over money has remained the same as last year (59%) or gotten worse (29%).
The survey was conducted by the American Psychological Assn.'s annual survey of stress in America, which was issued this past week. According to the survey, the stress has paralleled the nation's unsatisfactory recovery. 36% of the poor report they feel stress over money all or most of the time. Among those living in households with income over $50,000, half as many, 18%, report they feel chronic financial stress.
Average stress levels were higher in 2007 than in 2014. In 2014, however, stress levels began to change along income lines. Lower-income households averaged stress levels of 5.2 on a 1-to-10 scale on which 10 was the highest. Those with higher household incomes averaged stress levels of 4.7.
As LA Times notes,
The psychological pulse-taking makes clear that this increasingly skewed pattern of stress will probably exacerbate the dramatic inequities in the health of poorer and richer Americans. Those living in lower-income households were almost twice as likely as wealthier respondents to tell survey-takers that financial insecurity stands in the way of their living a more healthful lifestyle.
Compared with higher-income respondents who experienced less stress, those with high stress and low income were more likely to say they had skipped, or considered skipping, a needed trip to the doctor out of financial concern. They were more likely to say they dealt with their stress in unhealthful ways, such as drinking alcohol, surfing the Internet, watching TV or eating. And they were more likely to say they felt lonely or isolated in their stress.
Money, work, family responsibilities and health concerns led as sources of stress for Americans, according to the survey. 58% said paying for essentials was a significant source of stress.
38% of men said that paying for essentials was a somewhat or very significant source of stress, while 49% of women said so.
The American Psychological Assn.'s executive vice president, Norman B. Anderson, said the latest survey “continues to reinforce the idea that we are living with a level of stress that we consider too high.”
The findings are particularly worrying considering 50% of Americans are living in poverty.
Originally appeared on GoldSilverBitcoin
Insights or comments? Let us know!
Justin O’Connell is the Chief Executive Officer of GoldSilverBitcoin. He is also the author of the bitcoin book, Bitcoinomics, and administrator of the Bitcoinomics website. Justin is also a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics, and head researcher at The Dollar Vigilante. He lives in San Diego, California.
What makes The TDV Newsletter so valuable is its keen knowledge of macro-and-micro economics events and theories. While your parent's economic advisors and stockbrokers adhered to the Keynesian paradigm, TDV's monthly Dispatches and Newsletter sees the world through the episteme of Austrian Economics, something every person curious in economics, politics and culture should be familiar with. Austrian Economics understands the driving force behind liberty, slavery, economic indicators, stats and players.
Because this year is going to be a chaotic one, as foreseen by the TDV Staff, Editor-In-Chief Jeff Berwick and senior analyst Ed Bugos are dedicating themselves almost full-time to bringing paid subscribers the best information they can receive in 2015, which could prove to be an ever important year in The End Of The Monetary System As We Know It (TEOTMSAWKI).
What's more you will receive invaluable and private placings in some of today's most exciting companies.
Subscribe to The Newsletter today, and receive TDV's HomeGrown, as well as special reports, including Getting Your Gold Out Of Dodge.
If you’re interested in receiving articles beyond what you read here everyday, consider our weekly subscriber-only publications, like our Issue, Dispatches, and Homegrown. You may subscribe here.
February 9, 2015
TSA Demands Internal Passport for Domestic Travel
Post by TDV Contributor, Wendy McElroy
Precedents exist for requiring citizens to produce special ID for domestic travel; they include Nazi Germany, apartheid South Africa and Russia (both Imperial and Soviet).
Over the Christmas season, the Transportation Security Administration (TSA) quietly announced that America was walking down that path. By 2016, all domestic air travel will require either a traditional passport or a federally-compliant ID card called “Real ID.” State driver's licenses will no longer allow Americans access to domestic flights, as they do now. Real ID will constitute an internal passport. (The drop-date date is commonly reported as January.)
February 10, 2015
Bitcoin Watch: The Gamemakers Wait
Post by TDV Contributor, Scott Freeman
In 2014 hundreds of millions of dollars in new venture capital were invested in bitcoin-related ventures. The two focal points for these investments were China and the United States. While more money was probably invested in the US, developments in China were the most obvious. The funds went both into software infrastructure and market liquidity, and as a result, between January 2014 and January 2015 the landscape has changed to the point of becoming virtually unrecognizable.
Whereas one year ago there was only one liquid futures market (796.com), today two of the top 3 Chinese exchanges – Huobi and OKCoin – have developed futures markets. Beijing-based OKCoin dominates the market, with futures trading volumes ranging from $100 to $200 million US dollars per day. One year ago, it was very difficult to use margin to engage in leveraged speculation on Bitcoin price moves; today, though functionality is still far from perfect, up to 20:1 margin is available.
February 11, 2015
TDV Editor-In-Chief, Jeff Berwick, on US extortion rackets.
US Government To Extort Only 14% From Overseas Corporations In Rare Limited Time Offer
Some are heralding a possible “tax holiday” for overseas US corporations proposed by Barack O'bomber. The reality is many companies have found a way to arbitrage the tax code and create their own personalized tax holiday year-round thanks to clever planning, so they likely won't be repatriating their funds.
So what does the Lameduck King want?
In a one-time charge, just 14% of foreign earnings of US corporations will be stolen, with the extorted funds officially going to infrastructure investments around the country. This money will most likely go towards building prisons to house Americans. Sounds like a deal! Unfortunately, this plan won't be enough to repatriate money. Here's why…
February 12, 2015
Changes within the Transportation Security Administration (TSA) should prompt you to reconsider the wisdom of crossing into or out of the United States. The TSA is slowly turning from counter-terrorism to criminal law enforcement, which will include the pursuit of tax violaters. And you may not be able to rely on the agency's notorious incompetence for much longer.
February 13, 2015
TDV Legal Analyst Jim Karger on the widening grasp of the IRS and US government.
I write this sitting on my rooftop in San Miguel de Allende, Mexico. The temperature is 72 degrees F. The sky is blue and cloudless. There is an occasional light breeze. By all accounts, life is dead solid perfect. And I am not the only one to have made that observation. Indeed, San Miguel has been voted and described by a myriad of publications as the best city in the world in which to live. Having resided here in the land of eternal Spring for 13 years, I agree. In fact, I would like to spend the rest of my life here, yet I now ponder whether that will be possible.
Insights or comments? Let us know!
The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. You can sign up to receive our FREE monthly newsletter, our Basic Newsletter ($15/month) or our Full Newsletter ($25/month) with specific stock recommendations and updates at our Subscriptions page on our website at DollarVigilante.com.
Source: http://www.dollarvigilante.com/blog/2015/2/15/americans-are-stressed-out-about-money-annual-survey-shows-t.html#6765
