Financial anxiety: Half of the Portuguese feel when thinking about their finances.
A study conducted in Portugal concluded that about half of the citizens feel financial anxiety when thinking about their personal finances. Get to know all the revealed data, next.
Study reveals data on the current financial well-being of the Portuguese.
According to the study "Financial Well-being in Portugal: A Behavioral Perspective" developed by Portuguese institutions and disclosed by Notícias ao Minuto, half of the Portuguese feel anxiety when thinking about their personal finances.
In addition, it revealed that 22% of respondents in the study feel that money worries have prevented them from achieving as much professional success as they could have.
The same also indicated that 18% of participants choose not to think about the current state of their personal finances, while 23% feel guilty when thinking about the subject.
It could also be concluded that women feel more anxiety (44.7%) about their financial health, compared to men (39.9%).
Respondents who receive lower incomes have been shown to be those who feel more financial anxiety compared to those with higher incomes. "For example, 48.4% of respondents earning up to 8,287 euros admitted to feeling financial anxiety, while this rate drops to 35.7% in the group of respondents earning more than 17,092 euros," as reported by Notícias ao Minuto.
It is worth noting that participants in the study with a Higher Education degree showed lower levels of financial anxiety (39.5%) than those who only completed Secondary Education (44.5%).
It was also possible to perceive that young people between 18 and 34 years old feel greater anxiety about their finances (44%), followed by the age group between 35 and 59 years old (42.6%), and then people aged 60 or older (40.8%).
The study also analyzed the effects of financial anxiety on people's well-being, finding that "about three out of four respondents (76%) with higher financial well-being admitted to experiencing positive emotions the day before the survey. In the case of participants with lower financial well-being, only 37% admitted to having the same experience," it further reads.
Counterpoint, 92% of people with high levels of financial well-being point out feeling happiness, while only 58% of people with lower financial well-being confessed to feeling the same.
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