Millennials are more likely than any other age group to be significantly worried about financial issues in 2015, according to a Gallup poll released Monday.
The survey found that Americans are no less worried about money than they were in 2014, with 50 percent of individuals citing stress from at least three financial problems out of the seven tracked by Gallup. This figure was at 49 percent in 2014.
Though Americans of all ages are currently experiencing anxiety about paying the bills, no age group is more burdened by financial stresses than Millennials.
Specifically, among those ages 18 to 29, 28 percent have “high worry,” meaning that they are burdened by at least six of the seven financial stresses enumerated in the poll. Millennials are the only age group where “high worry” is the most popular type of financial stress.
And, a whopping 77 percent of young Americans are bothered by at least one money problem.
Among those ages 30 to 49, 23 percent feel highly worried about money, while 24 percent of 50-to-64-year-olds feel the same. The elderly are experiencing the least intense degree of worry, with 15 percent of individuals 65 and up citing high financial stress.
The most common financial worry for Americans is not having enough money to retire, which is followed by not being able to foot medical bills for a serious illness or accident. Individuals are less concerned about paying housing costs or credit card bills.
The survey was conducted between April 9 and 12 and involved 1,015 adults.
