Financial stress still haunting in 2017 – BenefitsPro

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This comes from personal experience, so this is the perfect topic for me and my family. My husband has a steady job but due to cutback in labor by his company, he is not even allowed to get a 1/2 a second of overtime. Therefore we struggle on a day to day basis. First and foremost is our mortgage, of course. We are currently trying to get help through the state to claim a hardship. I suffered a trauma a few years back and it has left me ill and unable to work. It’s real out there!

Key Takeaways:

  • People are under a lot of stress in the current economy, despite wages on the increase and unemployment on the decline.
  • In fact, according to Squared Away, the blog of the Center for Retirement Research at Boston College, three quarters of American adults report being “financially stressed.”
  • 27 percent of consumers contacted about debt said they felt threatened by the conduct of the creditor or collector who most recently contacted them.

“People are under a lot of stress in the current economy, despite wages on the increase and unemployment on the decline.”

http://www.benefitspro.com/2017/01/23/financial-stress-still-haunting-in-2017?slreturn=1485188560

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