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Money Woes Affect Women More Than Men

Posted by Maureen Dempsey on Tue, 10/14/2008 - 12:57pm

According to the American Psychological Association's new "Stress in America" study, "the declining state of the Nation's economy is taking a physical and emotional toll on people nationwide, and it is women who are bearing the brunt of financial stress."

The study confirms that women are more stressed about money (83 percent of women versus 78 percent of men) and the economy (84 percent versus 75 percent).

Financial stress is clearly a global issue and is, in fact, the main cause of divorce for Australian women, reports The Brisbane Times. More than one-third of women cite money as the reason for break-ups, divorce, and relationship stress.

Why more women than men? Researchers suggest that in times of economic crisis, women are more aware of mounting bills and expenses, particularly with regard to children. Consequently, they feel stress, and that stress carries into the relationship.

And economic crisis it is. The number of Australians citing financial insecurity as a relationship stressor has doubled since 2006.

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