Many Americans say they are suffering sharply from higher levels of financial anxiety as the economy takes a downturn.
Money is now the prime cause of stress for most Americans, according to May 8 survey by Bankrate.
At least 52 percent of respondents reported that personal finances have had a negative impact on their mental health, a significant increase from 42 percent a year ago.
Fears over high inflation, rising interest rates, and a pending recession have filtered down into the everyday lives of millions of Americans still recovering from the disruptions caused by the pandemic lockdowns.
The American economy has been taking a hit over the past year, with many economists predicting that the situation will decline by the end of 2023….