Making more money may seem like the answer for dealing with financial stress and anxiety. But new data indicates that boosting income alone may not help much.
A new survey of 1,875 U.S. adults by investing app Acorns found financial anxiety does not significantly decrease as incomes rise. What did help ease respondent’s minds, based on the survey results, was having a higher net worth, found by subtracting a household’s liabilities from its assets.
Just over half (51%) respondents earning less than $20,000 a year reported feeling financially anxious, while 46% of people earning between $60,000 and $80,000 a year reported the same, Acorns found.
Sixty-five percent of Americans with a negative net worth (more debt than assets) reported…