The majority of Americans are stressing about their financial situation so much that it’s keeping them up at night, according to new research. The survey of 2-thousand adults reveals the biggest financial regrets people have and how their financial problems affect them.
Conducted by OnePoll on behalf of TrueAccord, a digital debt collection company, the survey finds:
- The average respondent owes $3,083 in credit card debt.
- Three-quarters have made an average of five financial decisions they regret in the last five years.
- 77% have lost an average of nine hours of sleep a week because of their financial problems.
- Seven in 10 respondents say they’ve learned from financial mistakes others make.
- Maintaining a good credit score is important to 84% and 81% say it’s even more important than their social lives.
- And 76% of those who are working to get out of debt have already planned their “debt free” celebrations for when they do.
The top 10 financial regrets Americans have:
- Not starting a retirement plan while I’m young 51%
- Not paying attention to my credit score 43%
- Buying cheap goods 41%
- Defaulting on payments and ending up in debt collection 41%
- Overspending on credit cards that I can’t afford to repay 38%
- Buying a car without knowing what’s involved 37%
- Letting student debt accumulate 36%
- Getting locked into fixed interest rates 29%
- Not investing money while I’m young 26%
- Not buying a home/property while I’m young 25%
Source: SWNS Digital
Photo: Getty Images