Oct. 28, 2008

CNN

Money Worries Rob Workers of Sleep, Study Shows

Nine of 10 American workers are losing sleep over financial worries, according to a survey released by ComPsych Corporation.

Keeping up with the rising cost of living and credit card debt were top concerns preventing people from falling asleep, according to the results from ComPsych, which surveyed employees of companies it serves. Thirty percent of respondents reported worrying about the cost of living while 29 percent cited credit-card debt.

Making mortgage payments and building retirement accounts also kept people awake, with 14 percent and 13 percent, respectively, listing those as their main concerns, the survey said. How to afford children’s school tuition and health care costs robbed just three percent of sleep, the survey said. Only eight percent of respondents said they are not worried and have no trouble sleeping.

The study was compiled and released by ComPsych Corporation, which contracts with companies to provide employee assistance programs.