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Tuesday
Jan042011

Money Main Cause of Stress in Americans

Photo Courtesy - Getty Images(WASHINGTON ) – Most Americans say that money is their primary source of stress, according to a recent survey by the American Psychological Association.

The APA found that 75 percent of Americans consider money their biggest stressor regardless of whether they had too much money, or too little.

Nikiya Spence, a licensed financial therapist and money coach, told Consumer Affairs that issues over money can have serious consequences on financial and personal behaviors.

"People inherit problems around money from their family and this can have to do with spending and how they grow to feel about money in general," Spence said. "These underlying feelings can cause problems when it comes to finances if you're not aware of them.”

Spence said that most problems with handling money, such as spending addictions and over and underspending, are subconscious and caused by dysfunctional emotions.

Copyright 2011 ABC News Radio

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