Stressed Out WomenOctober 21, 2008
My sleep is not as sound as it used to be. I wake up worrying about financial issues. All my life I’ve been told to buy a house, put as much as possible toward retirement, and use advice about stock market issues. What’s that old adage of “don’t buy high and sell low?” Well, through actions beyond most of our control, I feel like that’s exactly what a lot of us have had to do as we watch the housing market continue to fall, the stock market acting like it hasn’t since the Great Depression, and retirement dreams turn into a nightmare.
An article in AAUW’s latest Washington Update shows that I am not alone. The article reports on a recent study by the American Psychological Association, Stress in America, which found that the nation is taking on more stress as a whole due to the burgeoning financial crisis and that this stress is causing increased physical and emotional health problems. However, women are more likely to experience stress due to the economic climate than men are. Some of the statistics provided included the following:
When compared with men, more women say they are stressed about money (83 percent vs. 78 percent), the economy (84 percent vs. 75 percent), job stability (57 percent vs. 55 percent), housing costs (66 percent vs. 58 percent) and health problems affecting their families (70 percent vs. 63 percent). Women in their mid-to-late 40s and older are the most likely to bear the burden of financial worry, and the effects of this increasing level of stress are great. The study found that women were more likely than men to report fatigue, irritability, depressed or sad feelings, and headaches due to stress. This has become increasingly true in the past year.
What is keeping you up at night?