Answer: Alcohol
Clues: “Spirit” and “Bottle”
* Half said reducing stress levels associated with their financial situations was the primary reason for drinking.
* 41% regretted making some financial decisions while inebriated.
Navigating significant financial decisions such as buying a home, consolidating credit card debt, or even declaring bankruptcy are among the most challenging and impactful choices people face in their lives. These decisions carry substantial emotional and financial weight, making it crucial to approach them with a clear and rational mindset.
But many people, when confronted with these difficult financial choices, often resort to avoidance strategies rather than addressing them directly. Alarmingly, one such strategy includes turning to alcohol as a coping mechanism.
A recent survey from CardRates.com revealed that 23% of Wisconsinites admit to turning to alcohol when faced with major financial decisions. This compares to a national average of 21%.
CardRates.com | 2024 Credit Card Reviews, News & Guides by Experts