Paying Off Debt The Number One Cause of Financial Stress in North Dakota
It one of the most not-shocking studies ever, not being able to pay off debt is the number one cause of financial stress in North Dakota.
The website GoBankingRates surveyed over 7,000 people in every state to find out what the No. 1 cause of financial stress was. Their options were:
- Paying off my debt (i.e. credit cards)
- Not being able to retire
- Not having enough money to fund an emergency
- Wanting a nicer lifestyle
- Paying for education
- Lack of stable income
- Paying my mortgage or rent
In every state except for about 15, the top cause of financial stress was not being able to pay off debt.
According to ValuePenguin, North Dakotans have among the lowest credit card debt in the country but paying off debt still remained the most stressful form of financial strain.
Check out the full breakdown of the survey over at GoBankingRates.