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Talking to Teens About Money

Study Reveals Teenagers Stress about Family Finances

Stress related to family finances has a greater effect on young people than parents believe, shows the 2009 Stress in America study released by the American Psychological Association (APA). The study also reports teens and tweens are more likely than parents to say that their stress levels have increased in the last year. Only 2 to 5 percent of parents rated their child’s stress as extreme, while 14 percent of tweens and 28 percent of teens said they worried a lot or a great deal.

According to the study, parents’ responses about sources of stress for their children are out of sync with what children reported as sources of worry. Children are more likely to say they worry about their family’s financial difficulties than parents are to say this was a source of stress for their children (30 percent of children vs. 18 percent of parents). In general, children also are more likely to report having experienced physical symptoms associated with stress than parents are to say their children experienced such symptoms. Children reported having stress-related headaches, difficulty sleeping and changes in appetite

The Stress in America survey results demonstrate that adults continue to report high levels of stress and stress has increased over the past year. Last year, the APA reported money was the leading cause of stress among adults.

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