Money leads concerns in research and trumps health, family and work; see what explains

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Marcello Casal Jr/Agência Brasil
A survey by fintech Onze, carried out in partnership with Icatu Seguros and provided exclusively to g1, shows that 42% of respondents point to money as their main source of concern.
In the survey, the percentage exceeds topics such as health (22%), family (15%), violence (10%), politics (6%) and work (5%).
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The survey was carried out between May 26th and June 1st, and interviewed 8,391 people, including workers with a formal contract (CLT), individual micro-entrepreneurs (MEI), unemployed people, entrepreneurs, retirees and public servants.
The data reveals a scenario of lack of financial planning and emotional overload.
Among those interviewed, 56% say they do not have an emergency reserve - an issue that stands out in the survey for the fourth consecutive year. Another 15% do not have a reserve and still have debts.
In addition, 53% say that their income is not enough to cover monthly expenses or that they are in debt and/or have a negative name.
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The main fear of those interviewed is not having enough money to deal with emergencies, such as health problems, accidents or helping family and friends, cited by 58% of those interviewed.
The following appear difficulties in paying the monthly bills (33%), ensuring a better future for their children (25%) and paying off debts or clearing their name (22%).
Money is the biggest source of concern for almost half of Brazilians
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Credit card is the main villain
When asked what types of debt they have, around 60% cited the credit card (installments or open invoice). Next come personal loans (30%) and payroll loans, including Worker's Credit (26%).
The main reason for using credit is to cover monthly expenses, such as food and basic bills, cited by 45% of those interviewed.
Another 23% said they turn to credit because of unexpected emergencies, such as health problems or repairs, while 13% said they use loans to renegotiate debts or clear their name.
The weight of family financial responsibility also helps explain this scenario. Among those interviewed, 78% have at least one person who is fully or partially dependent on their own income.
The survey also reveals challenges related to financial education. More than half of those interviewed (53%) state that they rarely talk or talk about money in the family environment, whether between parents and children or guardians.
The survey also reveals that 63% do not have any type of financial protection for situations such as death or disability and that 89% have never sought specialized advice or guidance to organize their finances or get out of debt.
For Antonio Rocha, CEO and co-founder of Onze, the credit card continues to be the main villain because it conveys the feeling that income is greater than it really is.
"Once you buy more, the following month you won't be able to pay the bill. You start paying the minimum and get into a snowball of interest", says the expert.
Henrique Diniz, director of Pension Products at Icatu Seguros, states that the consumer environment also fuels debt.
"People are encouraged to consume all the time through social networks. Holding back this consumption to avoid the interest snowball is a behavioral challenge. The world today greatly encourages digital consumption. When there is space left in their income, the person ends up consuming - out of necessity or because of the environment in which they live", he adds.
Impact on mental health
Financial instability also directly affects the well-being of workers. According to the survey, 72% say that their financial situation harms their mental and emotional health and quality of life.
In more serious cases, 9% say that worries about money affect their physical health. Among the most common symptoms are anxiety (65%), insomnia (53%) and depression (18%).
Financial worries affect workers' mental health
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According to Antonio Rocha, anxiety and insomnia are often the first signs of those facing financial difficulties. In more serious cases, stress can also trigger depression, more serious health problems and even binge eating.
For the expert, the constant worry about being able to close the monthly bills, the lack of an emergency fund and insecurity about the future create a permanent state of tension.
"This leaves people in constant agony of feeling that life is not moving forward. They can't save money, they can't close the account and they have to go into credit. Then it turns into default, bank calling, message, scam, fraud, bet. It's a topic that overwhelms people", he says.
This scenario is known as financial stress and affects physical and mental health, as well as productivity at work and personal relationships.
Around 69% of those interviewed stated that they would be happier and more productive if they achieved financial stability through planning and better organization of debts.
For Henrique Diniz, this stress also directly affects the work environment and reduces productivity. "The worker is afraid of losing his job and this only gets worse, generating a dangerous snowball", he explains.
The expert advocates that companies also discuss financial health with their employees. "HRs don't have to have a taboo on discussing financial health. Providing information and financial protection products makes it easier for people to plan and helps reduce these concerns", he adds.
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Source: G1