Approximately half of Americans aren’t sure how much money is in their bank account

Half of us have no clue how much money we have, and the reason is simple- we are too afraid to find out.

According to a recent ONEPOLL survey, of 2,000 people, 55 percent admit fear keeps them from monitoring their bank account as regularly as they should. Three in five (59%) often feel an intense anxiety spike just before they do check. Another 60 percent say living through the pandemic has made that moment feel even worse than it did previously.

Even with fear in their heart, the average respondent will bravely fight through and check their account balance four times a week.

That’s still over 200 times in a year.

The survey also finds 31 percent frequently experience “close calls” where they didn’t know if they’d have the right amount to pay a scheduled expense in time which ends in over draft fees for 38% of them. Whoa.

Automatic payments, bank and credit card fees, ATM charges, it all adds up to a lot of frustration for a workers who are already freaked out about getting their next paychecks due to the Pandemic. A revolt is coming for extra charges. Three out of five (66%) agree that if it were possible to do so, they would only use cash for the rest of their lives and never bother with another financial institution again.

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Susan Saunders 4/1/21