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Millennials feel more stress than older generations, study says

February 09, 2013|By Shan Li
  • Work and job stability are sending young people's stress levels soaring. Above, a job fair.
Work and job stability are sending young people's stress levels soaring.… (Getty Images )

With decades ahead of them in the job market, more than half of millennials stay awake at night chewing over all manner of worries, according to a study.

Those 18- to 33-yeas-olds actually stress out more than older generations, the American Psychological Assn. concluded in its new study. Slightly more than 50% said that overwhelming worries disrupted their sleep in the past month.

A dour economy is top of mind for young people, with work and job stability sending their stress levels soaring. And no wonder -- their unemployment rate is 13.1%, well above the overall nation's 7.8%. A recent survey of 2010 college graduates found nearly half were in jobs that didn't require a university diploma.

STUDY: Almost half of Americans are one emergency away from financial ruin

"Many of these young people have come out of college or graduate school with horrendous student debt into a job market where there are not very many jobs," Katherine Nordal, the psychological group's executive director of professional practice, told NBC News. "This has put their life plans, probably, on hiatus."

Nearly 40% of millennials said their stress shot up in the last year, compared with 33% of baby boomers and 29% of those 67 and older.

Perhaps reflecting their relative inexperience with the working world, the study found young people were more likely to react to stress with anger or annoyance.

ALSO:

Many Americans think damage to economy is permanent

Which college majors pay off? Engineering now trumps business

Nearly half of college graduates have jobs that don't require diplomas

Follow Shan Li on Twitter @ByShanLi

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