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Ridgewood NJ, 23% of Bergen County residents are losing sleep over debt.
Continue reading New Study Finds, Debt is Causing insomnia for over 1.9 million New Jerseyans
By ANN CARRNSJUNE 26, 2015
About half of American adults have postponed a major life decision in the past year for financial reasons, mainly because they lack sufficient savings or are worried about the economy, or both, a new survey finds.
The survey, conducted for the American Institute of Certified Public Accountants, found that the proportion of people delaying big decisions like buying a home or getting married had risen to 51 percent, from 31 percent in a similar survey in 2007, before the start of the financial downturn.
(The telephone survey of 1,010 adults, age 18 and older, was conducted in March by Harris Poll. The margin of sampling error is plus or minus 3 percentage points.)
The change was striking, and the percentages more than doubled in some areas. Nearly a quarter said they had delayed higher education, up from 11 percent in 2007, and 18 percent said they had put off retiring, compared with 9 percent in the earlier survey. Twenty-two percent said they delayed buying a home in 2015, compared with 14 percent in 2007.
