President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Look to your left. Look to your right. One of you will have financial stress this year.
Almost three-quarters of Americans are experiencing financial stress at least some of the time, and nearly a quarter of us are experiencing extreme financial stress, according to a study released today by the American Psychological Association.
Overall stress levels have been declining since the association published its first annual stress survey in 2007. But underneath that larger trend, disturbing patterns are emerging.
For one thing, there is a widening gap in stress levels between low-income and higher-income Americans.
People with incomes under $50,000 and with incomes over $50,000 reported comparable overall stress levels in 2007, at 6.2 on a 10- point scale (where 10 represents extreme stress.) While overall stress levels were lower in 2014, the wealthier group reported overall stress levels of 4.7 and the lower-income group reported a 5.2 stress level, the widest that gap has been.
"Until very recently, with things looking better, wages have been stagnant. When your cost of living continues to increase and your wages don't keep up, the impact of that is disproportionate," said Katherine Nordal, executive director for professional practice at the American Psychological Association. "Those of us who are fortunate enough to be in the $50,000-plus category, we have more options or discretion about how we spend money, for the most part."
Higher financial stress levels have worrisome health implications, according to the report, which is titled "Paying With Our Health." Lower-income Americans reporting financial stress of 8 or more on a 10-point scale are distinctly more likely than lower-income Americans with low financial stress to spend excessive time watching TV or surfing the Internet, and they are more than twice as likely to overeat, drink or smoke.
Americans with high levels of financial stress may be harming their health in other ways too. Some 12 percent of respondents said they had skipped going to the doctor at some point in the past year because of financial pressures, and 9 percent had considered doing so. Almost a third of the respondents said their financial situation prevented them from living a healthy lifestyle.
Those behaviors will have a major impact on the long-term health of those stressed-out Americans, Nordal said. "About 40 percent of health-care outcomes are driven by individual behaviors," she said, much more than the 10 percent attributable to the quality of medical care.
Read MoreFix your finances, fix your health
The American Psychological Association report follows a poll published last July that also pointed to the toll that financial stress takes. In that poll, by the Harvard School of Public Health, the Robert Wood Johnson Foundation and NPR, 53 percent of respondents who experienced a great deal of stress in the last month said financial problems were a factor.
There is a glimmer of positive news in the report. "For those Americans who feel the burden of stress about money the most—parents, younger generations, lower-income households and women—it seems that emotional support is even harder to come by," the survey found.
But respondents who reported having an emotional support system reported markedly lower stress levels, at 4.8 on a 10-point scale, than people without support, who reported stress levels averaging 6.2. (The American Psychological Association provides tips for managing financial stress.)
Look to your left. Look to your right. One of you will have financial stress this year, so lend a hand.