Can’t sleep? It could be money matters keeping you up at night. A new United States study by Intuit Inc. (Nasdaq: INTU) and Quicken ( www.quicken.com), makers of the leading personal finance management software, reveals that many Americans are stressed over personal finances – or lack thereof. Of those surveyed:
- 52 percent in the workforce fear being unable to retire by age 65.
- One in three admits to losing sleep over money woes.
- Nearly 20 percent hide their debt from others.
- 15 percent avoid opening bills because they know they won’t be able to pay.
Many people realize they need to get a handle on their money, yet few work toward that goal:
- Nearly one in three admit to spending more money than they have, digging deeper into credit card debt.
- 31 percent pay bills with a credit card, because they don’t have money saved.
- 22 percent overdraft their bank accounts at least once a year.
- 23 percent spent more than they made last year.
- 16 percent rack up fees, such as late payment charges on credit card bills. One in four pays late each month.
Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. About the survey Findings are from an Ipsos Observer poll conducted between Sept. 11-19 on behalf of Quicken. For this survey, a sample of 1,015 Americans from Ipsos’ American online panel was interviewed online. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to census data and to provide results intended to approximate the sample universe.