AUSTIN, Texas — The season of comfort and joy is upon us, but according to new research, it is also the season of stress and worry. A new Ohio State University survey finds Americans are feeling the strain from inflation and world affairs this year, in addition to other financial stressors that often come with the holidays. From gift giving to travel to social gatherings, the costs can pile up with many Americans feeling the strain on their wallet and their mental health.

• Of the 1,007 respondents in a new Ohio State University survey, 75% said they are experiencing stress from rising prices and holiday spending.
• The American Psychological Association found a similar finding in its 2023 Stress in America survey, with two-thirds of Americans reporting that they feel stressed about money.
• Researchers with the Money and Mental Health Institute took it a step further, uncovering the link between financial stress and depression, anxiety, isolation, marital conflict and parenting issues.

Here are some tips for coping with financial stress during the holidays: 

• Take charge of what you can control. Consider low-cost ways to celebrate with family and friends. Create a budget and stick to it. 
• Give yourself permission to say “No” to holiday parties, extra or more expensive gifts - anything that threatens your peace of mind or throws off your January budget.  
• Re-imagine gift-giving. Focus on experiences instead of things. Share your time and talents.  
• Practice mindfulness when you feel stressed. Try breathing exercises to lower your heart rate and help you feel more at ease.