Money problems are keeping every generation up at night - check out the biggest financial stressors for every age group
Members of Gen Z are worried about being able to cover everyday expenses like their morning coffee and transportation to work.
Millennials, the self-described 'burnout generation,' reveal work-related stress is the most common reason they lose sleep at night.
Millennials are the age group second-most likely to lose sleep over money-related stress. The issues that caused millennials aged 23-38 to toss and turn include work-related stressors and fears about saving enough money for retirement.
Housing costs and credit card debt pose less of an issue for millennials, with only about 20% of respondents claiming those issues caused them to lose sleep.
Gen X are the generation most likely to lose sleep over money issues, with work and everyday expenses the leading cause of financial insomnia.
Gen X-ers are the generation most likely to occasionally lose sleep over money problems, with 64% of survey respondents claiming they worry about at least one money-related issue. The most common sources of financial-related stress for middle-aged Americans include worries about work and everyday expenses — 34% and 38% respectively.
Gen-Xers also lost sleep over the ability to pay housing costs like mortgage bills and monthly rent.
Baby Boomers are the generation most-stressed about healthcare and insurance bills.
Despite often being regarded as the most well-off generation — nearly three-fourths of baby boomers own a home compared to only one-fourth of millennials — 54% of baby boomers reported losing sleep over money. Respondents to the Bankrate survey cited everyday expenses as the biggest cause of money stress for the baby boomer generation.
A quarter (25%) of those aged 55-73 claimed stress over retirement savings, healthcare, and insurance bills caused them to lose sleep.
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