Study: Retirement tops list of money problems that cause sleep loss

Are money woes causing you to toss and turn at night?

If the answer is yes, you're in good company.

According to a report by creditcards.com, 68% of women and 56% of men are losing sleep over at least one money problem.  


Money issues causing people to lose sleep:

-- Retirement: 39%
-- Educational expenses (self or a family member): 30%
-- Healthcare or insurance bills: 29%
-- Mortgage/rent: 26%
-- Credit card debt: 22%

For both men and women age 30 and older, the retirement nest egg is the biggest concern. Second is healthcare and insurance bills for women, and men point to educational expenses as their second biggest financial fear.

“There doesn’t seem to be much middle ground when it comes to Americans’ financial worries,” said Matt Schulz, CreditCards.com’s senior industry analyst. “Many folks have none at all, but many of us are worried about several different problems all at once.”

Among the millennial demographic, educational expenses tops list.  One improvement noted in the study is people are less worried about credit card debt than in years past.

“It seems to indicate that despite balances continuing to rise after the Great Recession, most Americans feel they have their card debt well under control,” said Schulz.

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