Is lack of financial stability the number one cause of stress in adults?
By Anish Asokan
@RevivedWarrior (2476)
India
September 22, 2024 3:49am CST
Having sufficient earnings and resources to meet any financial demands is a blessing. But when you do not have the income/earnings or the resources, then it becomes a stress. Having financial security gives us the confidence and can focus on our focus areas and goals.
These days, whenever I speak to my dear and near ones all are speaking about rising expenses and financial stability. Most of them depend on a single source of income and that too in private companies. Gone are the days you can depend on the bank savings and a single income for a family.
I feel for most of the adults these days, lack of financial stability is the biggest concern. Believe it is their number stress as well. Rising costs to buy house, to take care of the family, job loss, stagnant income and the uncertainties lead most of us to stress. I have seen money has become the biggest point of tension within families and relationships.
I do have the financial stability stress and is one of my worrying points. However, I have started looking to multiple sources of incomes. I am yet to earn consistently and in good numbers. I have bought down my personal debt and looking to further bring it down, hopefully with budgeting and planning. I do have friends who feel trapped and feel they have no savings.
Do you feel a lack of financial stability the number one cause of stress in adults?
6 people like this
8 responses
@Shiva49 (26782)
• Singapore
22 Sep
I am now retired after over forty years of working life.
I saved every year of my working life and have no pension as I was not a government employee.
I lived a comfortable life without sacrificing essentials.
If one is disciplined and practical, one can avoid stress from a lack of financial stability.
2 people like this
@ptrikha_2 (47085)
• India
24 Sep
@Shiva49
Yet often early on either we have financial blunders or mistakes or do things with too much caution.
And then often we have to do a catch up later on.
2 people like this
@ptrikha_2 (47085)
• India
25 Sep
@Shiva49
Having a house of own early on is a good move.
Risks always remain in the Stock Market.
2 people like this
@RevivedWarrior (2476)
• India
23 Sep
Very true- discipline in personal finance helps in resolving financial insecuriy.Thanks for sharing!
@RevivedWarrior (2476)
• India
23 Sep
People do not see the financial discipline as something easy. Many are interested in miracles or easy money. Thanks for sharing!
@ptrikha_2 (47085)
• India
22 Sep
Rising costs of even the basic necessities like food and education, not to speak of buying a house is a major stress causing factor.
Personally I am also dealing with the same and making efforts to have multiple steady sources of income.
That however is not easy due to multiple factors.
One might hear a lot of blah blah about some people earning Millions on Social Media especially YT but on a larger scale, especially in Private Sector there are a lot of struggles.
Also one can take inspiration from somewhere but not everyone can succeed equally.
I think that watching people earning Millions on Social Media can also be a source of increased stress at times ! 
Even the single major earning jobs come with deadlines, Management expectations and even probable health issues.
I have seen people earning Millions but hardly having any time for enjoying what they earn.
It becomes worse when there is just one earning member in a family.
But well, we have to deal with this situation.
Best of wishes in your future endeavors !!
Even the single major earning jobs come with deadlines, Management expectations and even probable health issues.
I have seen people earning Millions but hardly having any time for enjoying what they earn.
It becomes worse when there is just one earning member in a family.
But well, we have to deal with this situation.
Best of wishes in your future endeavors !!2 people like this
@RevivedWarrior (2476)
• India
23 Sep
Very true- Many of us get stressed when we hear about the stories about X , Y made millions. And we struggle even to make hundreds extra.Thanks for sharing!
@RevivedWarrior (2476)
• India
23 Sep
I agree- most people I talk to speak on the money issues.Thanks for sharing!
@Shavkat (140131)
• Philippines
24 Sep
@RevivedWarrior It is a matter of knowing how to use it.
1 person likes this
@RevivedWarrior (2476)
• India
26 Sep
Well, we need to work through it as we have no other choice. Thanks for sharing!
@Jhonna (56)
•
26 Sep
@RevivedWarrior yeah sad reality but as human being its just natural, we are not human if we didnt feel that way.
1 person likes this
@AmbiePam (94045)
• United States
22 Sep
I do, and I really feel for those who have kids depending on them, or older parents. Taking care of just oneself is hard, but several people? I know a lot of the people I know are dealing with the rising costs of medical assistance. You can make cuts here and there, but medicine and seeing the doctor is necessary.
1 person likes this
@RevivedWarrior (2476)
• India
23 Sep
Medicines and health are a challenge when money becomes scarce.Thanks for sharing!
@luisadannointed (6308)
• Philippines
2 Oct
I think yes, unless if there is someone who can finance your daily needs without working on it I guess it will never be a problem. Without money we can't rent a house, buy food, pay the bills, etc., the biggest problem is when we get sick it will cost a lot of problem.
1 person likes this
@RevivedWarrior (2476)
• India
3 Oct
Finance is most important topic and cause of stress for msot adults across the globe. Thanks for sharing!
