Money and Mental Health Survey

The Money and Mental Health survey is conducted annually by the National Financial Educators Council and demonstrates the connection between people’s finances and their emotional state. New data is released each October to raise awareness for Emotional Wellness Month and Mental Illness Awareness Week.

The NFEC conducted the survey the NFEC conducted a survey of 2,107 people across America between September 29th and October 3rd. The goal was to better understand the connections between people’s financial capabilities and their money-related attitudes and behaviors.

Survey Results

My personal finances have a negative impact on my emotional & mental well-being:

32.4%

Agree or Strongly Agree

39.9%

Neutral (neither agree nor disagree)

27.7%

Disagree or Strongly Disagree

My personal finances are a cause of stress:

28.7%

Agree or Strongly Agree

36.5%

Neutral (neither agree nor disagree)

34.8%

Disagree or Strongly Disagree

My top financial concern is:

20.6%

Saving Money

10.4%

Covering Basic Needs (food, housing)

9.3%

Security of Income or Job

9.2%

Reducing Expenses

8.8%

Debt Load

5%

Credit Score

36.7%

None of These

Additional Money & Mental Health Survey Supporting Information

Certified Financial Planner ® Board of Standards, Inc. (2017). Continuing Education Policies. Washington, DC: CFPBS. https://www.cfp.net/for-cfp-professionals/continuing-education

National Financial Educators Council Financial Guidance

National Financial Educators Council Financial Wellness & Emotional Wellness 

National Financial Educators Council Where to Turn for Trusted Financial Guidance

Financial Conduct Authority (2017). Consumer Explanations of “Advice and Guidance.” London, UK: FCA. https://www.fca.org.uk/publication/research/fawg-consumer-explanations-advice-guidance.pdf