GOBankingRates Study Finds 66% of Americans' Greatest Fears Are About Money

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Sep 11, 2014, 07:15 ET

LOS ANGELES, Sept. 11, 2014 /PRNewswire/ -- A new survey from leading personal finance website GOBankingRates.com asked Americans how prominently money weighs on their minds, finding 66 percent of our greatest fears are about money. More people said they are afraid of living paycheck to paycheck, falling into debt and becoming homeless than actually dying.

Additionally, one in three respondents reported obsessing about money all the time.

GOBankingRates Study Finds 66% of Americans' Greatest Fears Are About Money. (PRNewsFoto/GOBankingRates)

Visit GOBankingRates.com to see the complete survey results:
http://bit.ly/1ouLie6

"Money is one of the biggest sources of fear there is, because it affects everything from our basic wants and needs to our social status, professional success and psychological well-being," said Christina Lavingia, an editor for GOBankingRates. "Money is pervasive; it's involved in almost every decision we make, and therefore it cannot be ignored."

Additional findings:

Americans are more afraid of money troubles than spiders, gaining weight, being the victim of a crime and dying.
Millennials' biggest financial fear is unemployment, whereas baby boomers are most worried about never getting out of debt.
30 percent of Americans say paying their bills is their most dreaded financial task, more so than doing their taxes.

To see GOBankingRates' analysis of why people are more afraid of going broke than dying, visit http://bit.ly/1pPMF6w.

About GOBankingRates

GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News & World Report, Business Insider, Daily Finance, The Huffington Post, Forbes and more. It also specializes in connecting consumers with the best local, national and online banks, credit unions and interest rates nationwide, aggregating over 11 million rates from more than 6,000 financial institutions.

For questions, please contact:

Connie Lundegard
GOBankingRates, Media Relations
[email protected]
310-297-9233 x112

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SOURCE GOBankingRates