The past 18 months of the pandemic have certainly been hard, and for a lot of folks it’s been particularly difficult financially. Well, a new poll reveals that for some, their money troubles have been so bad it’s driven them to tears.
The LendingTree survey finds:
- 42% of Americans admit to crying about their financial situation during the pandemic.
- That’s particularly true for women (55%) compared to men (29%).
- 60% of parents of children under 18 say they’ve shed tears over their money problems, while 59% of Millennials have as well.
- In addition, 47% of those who make less than $35K cried about money during the pandemic, as did 38% of those earning over $75K.
- The most common reasons for crying about money include:
- Income/job loss (42%)
- Not being able to afford things for family (33%)
- Debt (31%)
- Not being able to pay mortgage (24%)
- Arguing with loved one about money (23%)
- Medical bills (20%)
- But not all tears shed were sad ones. Many respondents admit to shedding “happy tears” about their finances during the pandemic.
- Reasons for those happy tears include:
- Receiving a stimulus check (26%)
- Student loan payments paused (9%)
- Finding a new job (8%)
- Paying off debt (8%)
- An unexpected gift or inheritance (7%)
Source:Lending Tree
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