77% of Americans are anxious about their financial situation—here’s how to take control

According to the Mind over Money survey by Capital One and The Decision Lab, 77% of Americans report feeling anxious about their financial situation. CNBC Select offers advice on how to manage your finances so you can feel more in control.

Updated Thu, Jul 8 2021 2:39 PM EDT
Alexandria White writes:
If you worry about finances, you’re far from alone.

More than three in four Americans (77%) report feeling anxious about their financial situation, according to a new Mind over Money survey by Capital One and The Decision Lab. Financial worries include a broad range of issues from savings and retirement to affording a house or child’s education.
Below, CNBC Select reviews key findings from the survey and some advice on how to make your finances less stressful.

Key findings

77% of Americans report feeling anxious about their financial situation
58% feel that finances control their lives
52% have difficulty controlling their money-related worries
Americans are most worried about their financial future, which includes: not having enough money to retire (68%), keeping up with the cost of living (56%) and managing debt levels (45%).

And the impact financial stress has on Americans stretches into all aspects of life with respondents saying they feel fatigued (43%), find it difficult to concentrate at work (42%) and have trouble sleeping (41%). A quarter of respondents (25%) said financial stress affects their relationships.
Courtesy: CNN