#financial-stress

#financial-stress

Debt doesn't just sit quietly on a balance sheet. It carries emotional weight, often heavier than the numbers themselves. People in long-term debt may find that the stress, guilt, and constant worry affect their daily lives just as much as the financial strain. Even when someone considers options like debt settlement to manage what they owe, the emotional side of debt lingers. Staying in debt is not only about money-it is about how it shapes confidence, relationships, and overall well-being.

Inflation is stubborn, unemployment is rising and Federal Reserve Chair Jerome Powell has even confirmed that Gen Z grads just can't get a break right now. But the youngest generation of workers already know that. In fact, they're so anxious about the state of the economy right now that they can't even sleep. So what are they doing about it? They're, perhaps counterintuitively, bed rotting and watching TV.

44% of parents expect to go into credit card debt due to back-to-school shopping, up from 34% in 2024. Additionally, 54% plan to sacrifice necessities for school supplies.

Surging property prices have ensured that the average Irish adult is now 30pc richer than their British counterparts, according to a report from Unio Wealth Management.

Financial issues are one of the top complaints that couples have. Our attitudes to money can vary widely, and often a 50/50 split is attempted but fails in real life.

"Financially, emotionally, I'm stressed. I'm not able to sleep; it's heartbreaking," says Mangalathu, who's lived in the Morningside-Highway 401 area house for 26 years.

Financial stress creates a cycle of negative communication that worsens relationships, making open dialogue crucial for emotional health and connection.