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Money stress? Check your financial literacy.
Comment on this storyComment You are reading our weekly Well+Being newsletter. Sign up here to get it delivered to your inbox every Thursday. Few topics are as stressful as money, and there’s nothing like tax season to amplify financial anxiety. The problem with money stress is that it creates a negative cycle. Research suggests that people who are anxious about money are less likely to plan for retirement, which in turn can increase anxiety about their financial future. About 41 percent of U.S. adults reported feeling both anxiety and stress when thinking about or discussing their personal finances, according to data from the 2018 Finra National Financial Capability Study. The…
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How to handle stress over market volatility, financial advisor says
Izusek | E+ | Getty Photos Emotions can get the better of us when it comes to investing — particularly when financial markets get risky. Behavioral finance tells us we are inherently negative investors, susceptible to producing decisions dependent on feelings rather than evidence and self-interest. Just as we are a bundle of biases and fears in our own life, we are in our investing lives, as nicely. We are afraid of losses, scared of missing out on gains we have biases towards consensus viewpoint and to latest encounter. “Men and women are often psychological,” claimed Tim Maurer, main advisory officer for Signature FD, which has places of work in…
