Many Young Adults Worry About Finances

01.06.12 | Jeremy Miller

Many young adults are worried about money.  Nearly 95-percent of the 18-to-34-year-olds taking part in a survey by the American Institute of Certified Public Accountants and the Ad Council say they want to make saving money a priority this year. However, 38-percent admit it's a challenge for them to put aside as little as 25-dollars a week.  Nearly three-quarters are worried about their personal finances given the current economic situation many say their apprehension is affecting their daily lives.  Almost half of those polled say their money fears have caused them to cut back on socializing with friends, and 38-percent have lost sleep from worrying about their finances.  Just over a third say their concerns about money are distracting them at work.  Just under a third admit they lose their temper more quickly with family and friends because money matters have them on edge.