It's no surprise to learn that people worry about money, but a new study by the Certified Financial Planner Board reveals that women and younger people – two demographic groups of particular interest to credit unions – are especially stressed about their finances.
The study, conducted on behalf of the CFP Board by ORC International, surveyed 1,008 adults and found that 89% of women and 91% of people age 18-44 feel stress about their finances, making them the most stressed out groups in the study. Older Americans, on the other hand, were the least stressed about money – only 78% of people over 65 said they felt financial stress, CFP Board said.
More than half (55%) of credit union members are female, according to CUNA's 2014-2015 National Member & Nonmember Survey, and 42% of members are 44 years old or younger.
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