SEARCH

Entries in Unemployment (1)

Wednesday
Feb092011

Stress on Rise Amid Financial, Employment Concerns

Photo Courtesy - Getty Images(YONKERS, N.Y.) - A new report suggests that stress is on the rise in the U.S. as Americans grow more concerned about their finances.

The Consumer Reports Trouble Tracker index jumped from 54.2 last month to 58.7, which represents the third straight month that the index, which measures a household's overall financial difficulties, has increased.
 
According to the report, 9.7 percent of Americans have missed a payment on a major bill, with 3.2 percent missing their mortgage payment. Both figures have increased from a year ago.

In a separate Consumer Reports survey, 6.7 percent of respondents said they had lost their job in the past 30 days, with just 5.2 percent of those getting a new job in that time.

The combined factors of job and financial strain suggest a rise in stress, according to Consumer Reports Stress Index. The index rose to 59.3 in February compared to 55.4 a month ago.

Copyright 2011 ABC News Radio







ABC News Radio