From Yahoo Finance: 2025-06-12 06:10:00

Financial problems are a leading cause of anxiety and depression, affecting nearly 70% of Americans, according to a report by Northwestern Mutual. Worries about money can impact relationships, job performance, and health, with 63% losing sleep and 40% feeling physically ill. Younger generations are most affected, with 39% of Gen Z and 38% of millennials reporting weekly anxiety and depression due to financial uncertainty.

Working with a wealth manager can boost financial confidence, with 76% of clients describing their finances as “strong.” However, in a volatile economic climate, even those with advisors can feel overwhelmed. Advisors, like Matt Nichols from Northwestern Mutual, may need to act as therapists, listening actively, reminding clients of long-term goals, and referring them to mental health experts if needed.



Read more at Yahoo Finance: Financial Uncertainty Spurs Anxiety and Depression