The economy is no one’s favorite subject these days. But a new American Psychological Association survey shows that women might be even more inclined to avoid the subject. Eighty-four percent of the women in the survey acknowledged deep fears about the uncertain financial future, compared to 75 percent of men. The difference is statistically significant.
But, hey, not so fast. Men might be just as stressed about the economy but don’t own up to the fears.
“Women are sometimes more aware of the stress they are feeling,” said Stephanie Smith, a psychologist and public education coordinator for the American Psychological Association (APA) in a statement accompanying the survey results. “They are often more willing to talk about it and admit to the struggles they are having.”
One issue for women is that even in 2008 they tend to be the primary caregivers in families, both for kids and aging parents. Worrying about money can be compounded if there is concern about covering those responsibilities from a money point of view.
