Poor Credit Health Leads to Shame, Tears and Hurts Mental, Physical Health

by | Nov 13, 2019 | B2B Surveys, Consumer Surveys, Finance Surveys, Healthcare Surveys, In the News

Credit Sesame, the leading financial health management platform, today announced new survey findings that reveal the toll poor credit health takes on mental and physical health for a majority of U.S. consumers.
The most striking results from the survey found that consumers desire good credit, so much so that 55% would give up sex for three months for an 800 credit score. They struggle with credit card debt because of common expenses like healthcare (32%), travel (29%) and shopping (27%). This leads to negative mental health consequences such as stress (82%), shame (40%), tears (25%) and even breakups (7%). Poor credit health even jeopardizes physical wellbeing, as almost two-thirds (58%) of respondents would take a rideshare to the hospital to avoid an ambulance fee…

…The Credit Sesame Credit, Physical and Mental Health Survey was conducted by Researchscape

Read the entire report at Central Charts.

Author Notes:

Jeffrey Henning

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Jeffrey Henning, IPC is a professionally certified researcher and has personally conducted over 1,400 survey research projects. Jeffrey is a member of the Insights Association and the American Association of Public Opinion Researchers. In 2012, he was the inaugural winner of the MRA’s Impact award, which “recognizes an industry professional, team or organization that has demonstrated tremendous vision, leadership, and innovation, within the past year, that has led to advances in the marketing research profession.” In 2022, the Insights Association named him an IPC Laureate. Before founding Researchscape in 2012, Jeffrey co-founded Perseus Development Corporation in 1993, which introduced the first web-survey software, and Vovici in 2006, which pioneered the enterprise-feedback management category. A 35-year veteran of the research industry, he began his career as an industry analyst for an Inc. 500 research firm.