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News Now

CU System
Money woes weigh heavy in wee hours of the night: NFCC
WASHINGTON (8/14/14)--With their focus on personal service and financial education, credit unions have an opportunity to help consumers rest easier after roughly 79% of respondents to a National Foundation for Credit Counseling (NFCC) poll said personal finances keep them awake at night.
 
In addition to the obvious credit problems resulting from overwhelming debt, financial concerns can wreck marriages, tear families apart and create distractions at work, NFCC reminded the public. 
 
The 2014 NFCC Financial Literacy Survey revealed that 71% of consumers, or roughly 179 million people, admitted to having personal finance worries, with not enough savings, job issues, debt and credit topping the list.
 
The NFCC's July online poll question and answers are below:
 
What keeps you up at night?
  • Financial worries:  79%;
  • Marital concerns: 2%;
  • Job security: 4%;
  • Problems with the children: 2%; and
  • Nothing, I sleep like a baby: 13%.
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