Mortgage payments keep older millennials up at night

Older millennials, more than any age range, say that money issues cause them restless nights

By Francis Monfort

19 Aug 2018

Paying the monthly mortgage is one of the many worries keeping Americans up at night, particularly older millennials ages 28 to 37, according to a new report by Bankrate.com.

The study found that older millennials top all age groups in worrying about paying the monthly rent or mortgage at 17%. The age group also worries the most about credit card debt, with 24% losing sleep because of this.

Money issues appear to be the most stressful for older millennials, with 43% saying money has caused restless nights, more than any age range. Overall, 77% of older millennials said they lose sleep over things like money, work, relationships, and more, also the most of any age group.

“Millennials have a lot to worry about,” Bankrate.com analyst Amanda Dixon said. “The economy overall is in good shape, but wages are stagnant, housing costs are rising, and the job market has become more competitive. It’s no wonder so many 20- and 30-somethings lie awake at night.”

Money matters also stress out younger millennials ages 18 to 27 at 36%. However, they are the most likely to lose sleep over relationship issues with family (32%), romantic partners (31%), and/or friends (24%).

Overall, about seven in 10 adults lose sleep due to stress, including more than one-third who said money is to blame. The ability to make the monthly rent or mortgage payment keeps 12% of all adults up at night, which puts this money worry third place behind saving enough for retirement (18%) and credit card debt (14%) as the top sources of stress.