In fact, a survey from Bankrate.com said that 50% of people making between $25,000 and $75,000 tend to “worry a lot” about their finances. With bankruptcies and foreclosures rising at double-digit rates, it’s no wonder that people are concerned.
But what are the top reasons that cause financial distress? According to information gathered from many other credit counseling agencies across the country, the top five causes are:
By understanding the main causes of financial distress, you can start to make plans to address them.
Financial health happens when you partner with IRIS! Securely submit your financial information to IRIS and receive a free, comprehensive financial plan within hours! This plan is reviewed by one of our live Certified Financial Specialists. It's the first step on your journey to financial health!