Money Worries and Age

A recent poll conducted by Gallup on February 27, 2009 of more than 11,000 adults suggests that money worries peaks among those who are in their forties.  Gallup Poll shows that worry about money "yesterday" is at 46% among those who are 40 to 49 years of age. The same is only true for 17% among those aged 70 to 89. This difference is quite significant. 

Furthermore, the poll also measured the differences in terms of gender, employement status and income level. The difference between those employed and unemployed also peaks at 43% for those employed and 55% for those unemployed among people aged 40 to 49. For those who are 70 to 79, the percentage worried about money is at 17% only.

The difference in percentage who worry about money between age groups in relation to income level is same. However, those who tend to make less than $60,000 dollars tend to worry more about money compared to those who make more than that. The study also suggests that women belonging to any age group tend to worry more than men about money. The poll suggests that money worries peak at ages 40 to 49 and reduces with age. 

http://www.gallup.com/poll/116131/Worry-Money-Peaks-Forty-Somethings.aspx