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Inside Financial Stress: The Mind-Money Connection

It’s no surprise that our financial health and mental health are inseparable. Read more about this study that shows how deep this connection runs, where it manifests, and actions you can take that might make you happier.
Explore The Findings
A woman sitting and thinking with an illustration of a brain and money next to her head.

Mindful Money: Where Money and Mental Health Intersect

Jenius Bank was founded on the belief that banking and your money should work for you. The Mind-Money Connection study seeks to understand customer attitudes and behaviors around finances, so we can build products and services that help reduce your financial worries and empower you to live a richer life.

  • The Meaning of "Rich"

    Being rich isn’t all mansions and yachts. In fact, the meaning is different for everybody and often is more than just dollars and cents.

  • Your Money and Mental Health

    Your mind and your money are more deeply connected than you may think, impacting your health, relationships, and much more.

  • Spending, Saving, and Sacrifice

    Understanding your spending and savings habits could help reduce stress. Small tweaks can help you start living a richer life.

Key Findings

Our top insights on money and mental health

  • No Debt, No Problems

    Debt-free is the new rich
    A blue numeral one
    Being debt-free was #1 when it came to how respondents defined being “rich.” Finding ways to reduce your debt load (like using a debt consolidation loan) could lower your stress levels.

  • Richness is Relative

    Perception ≠ Reality
    Bar graph with two bars at different levels.
    20.4% of survey respondents considered themselves to be rich but 32.3% of survey respondents believed others consider themselves rich. A classic case of Insta versus reality, perhaps?

  • Gender Wealth Perception

    Mind the wealth gap
    Illustration of two coins, one with a symbol of a man and the other with a symbol of a woman.
    19.1% more men than women considered themselves to be rich. We’ve heard of the gender pay gap, but it sounds like there’s a wealth perception gap, too!

  • No Finance in Romance

    Money woes and partner rows
    A heart illustration with a dollar bill breaking through the middle.
    42.5% of respondents said that financial anxiety had negatively impacted their relationship with their partners. Nothing romantic about that.

  • Money & Marriage

    Financially fit for love?
    Engagement ring illustration with a dollar symbol as the stone.
    53.6% of unmarried respondents said their outlook on their finances have made them less likely to tie the knot. So, don’t be surprised if you see fewer #weddingszn posts this summer.

  • Millennial Hustle Culture

    Side hustles surge
    Illustration of a stack of dollar bills.
    45.5% of Millennials we surveyed reported having a side hustle, compared to just 31% of the other age groups. Is it possible we’re hustling too hard these days?

Wealth Reimagined: Freedom from Financial Stress

Our survey found that most people don’t define richness as luxury or excess. Instead, they aspire to a life free from financial stress, where they can provide for their family, and secure their future. Now that's living a richer life.
Download the Full Report

Jenius Tips for a Richer Life

A Step Toward Reducing Financial Stress

Make saving a part of your wellness regimen by opening a HYSA. With a market leading rate and no fees, Jenius Savings could be a great choice to help you unlock a richer life.
Ready to Start Saving
The survey collected responses from 4,025 United States residents between the ages of 25 and 55. Approximately 2,012 respondents (one-half) fell between the ages of 29 and 44, or the "Millennial" generation. Each respondent reported an annual household income (HHI) of $100,000 or higher. The survey was conducted online via Propeller Insights, a full-service market research company. Propeller Insights facilitated the recruitment of the participants, deployment of this survey and collection and delivery of the raw data. Data collection began on April 2, 2024 and concluded on April 9, 2024. Any data collected is solely utilized for the purposes outlined in the agreement between Jenius Bank and Propeller Insights. This survey recognizes certain limitations in its design (such as question wording) and data collection methodologies (such as practical difficulties in conducting surveys). While we have employed robust techniques to ensure accuracy, it is important to note that all survey research may involve unmeasured variables and errors that could influence the outcomes.

Information You Can Bank On