Nothing new here: Americans are losing sleep over health care bills.
The good news is that a new survey by CreditCards.com finds that the percentage of U.S. adults who are lying awake thinking about insurance bills has declined since 2009, at the height of the Great Recession.
According to the poll, 33 percent of women and 24 percent of men report losing sleep because of medical bills or the cost of their insurance policies.
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But the poll of 1,000 U.S. adults found that many more Americans report at least some type of financial issue that keeps them awake at night. Just over two-thirds of women report losing sleep thinking about money, while 56 percent of men said the same.
Those who are most preoccupied with financial concerns are adults age 50 to 64. However, the number reporting financial concerns drops dramatically after retirement age, when presumably a large percentage of adults start receiving Social Security payments and benefiting from Medicare coverage.
Millennials are not as stressed about money as their elders, but the increasing burden of college debt is unsurprisingly the number one financial concern cited by young people.
Overall, the top financial concern for adults is saving for retirement, cited by 39 percent of respondents. The next biggest concern is paying for education, either for oneself or a relative. That was cited by 30 percent. Health care expenses was virtually tied, with 29 percent citing it as a top concern. Close behind were housing/mortgage costs (26 percent) and credit card bills (20 percent).
The Atlantic recently reported that nearly half of Americans would have difficulty finding $400 in the event of an emergency, highlighting the fact that a huge percentage of the population has virtually no savings.
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