We all know that getting a good night’s sleep is one of the most important things we can do for our health and wellbeing. New research from the Better Sleep Council has shown that people who rate the quality of their sleep as ‘poor’ are 1.3 times more likely to be concerned about their own financial future. Getting your recommended 7-9 hours of shut-eye every night can help you make it through the day ahead, but it also can impact your immunity, brain function, mood and even blood pressure in the long run. Pretty vital, then.
The survey also found that ‘stress is the leading driver of poor sleep quality’, with poor sleepers more likely to be living paycheck-to-paycheck (and dealing with the stresses that can cause.) This probably isn’t helped by recent FICO changes to its credit scoring system, meaning 80 million Americans could suffer a 20-point drop.
It’s hard to know if poor sleep is a cause of financial insecurity, or if financial stresses lead to poor sleep, but it’s likely a reciprocal relationship. Many will have experienced what it’s like to spend the night tossing and turning, worrying about making ends meet, only to have this sleeplessness inhibit their performance at work the next day. This, in turn, could affect their performance at work and stop them from getting that pay raise.
It’s not all doom and gloom, though. The Better Sleep Council also found that those who practiced good financial management, such as saving for retirement or unforeseen medical expenses, make up the majority of self-rated ‘excellent’ sleepers. So if you’re looking to improve the quality of your sleep, this might help.
How you can cut down on financial insecurity
With debt one of the leading causes of financial stress, it might be worth considering how how to get out of debt or how to improve your credit score. It might be the case that you’re one of the 26% of self-rated poor sleepers who have good financial practices. If this is the case, you might want to consider what switching up your bed can do for your sleep. We’ve reviewed the best mattresses and best pillows to help you sleep easy and start your day refreshed. With proven links between poor sleep quality and ill-health, this could be one of the most important investments you make this year.