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Survey: Millennials the most stressed generation in country

Every year, the APA conducts a nationwide survey on stress in America, and the latest findings show millennials are more stressed than their parents or grandparents.

Katherine Nordal, APA executive director for professional practice, says millennials reported higher levels of stress than other age groups in the survey of 2,020 adults.

On a 10-point scale — with one representing “little or no stress” and 10 signifying “a great deal of stress” — millennials averaged a stress level of 5.4. Baby Boomers ages 48 to 66 averaged a stress level of 4.7, and people ages 67 and older had an average stress level of 3.7.

Nordal says that millenials don’t seem to manage stress well, noting only 29 percent of those surveyed felt they were doing a “very good job,” and many are not satisfied with the level of support available from the health care system.

She adds that millennials came of age at a time of economic uncertainty. Many attended college to get a good job and graduated with a lot of student debt, few job prospects and dreams deferred.

“It’s kind of a catch 22 for them,” she says. “They are frustrated, I would imagine, at not being able to move on.”

Gregory Jones, a psychologist with District Psychotherapy Associates in D.C., says he has treated more stressed millennials in recent years. He points to technology, a “hurried pace of life” and a desire to get ahead in careers as some causes of stress.

“The anxiety that young people experience in trying to succeed to just get a minimal raise, if any at all, is causing high levels of stress, longer working hours and poor self-care,” he says. “This all results in increased levels of anxiety, depression and other mental health disorders.”

The 2012 Stress in America survey found stress is impacting every part of the country. The APA says stress levels in the D.C. area are no better or worse than the rest of the nation, but people in the region seem to be doing a better job of managing pressure.

The online survey was conducted in August, and the APA has been commissioning annual checks on the nation’s stress levels since 2007.

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Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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