The study found that 30% of people find resetting passwords to be hugely stressful. So stressful in fact, that it is comparable to the stress of retiring. 67% of respondents agreed that losing passwords is as stressful as dismissal or changing jobs.
Thought of Retirement is Stressful
It is no secret that the thought of retirement is stressful for many. A study conducted in 2018 found that 39% of small business owners say they are not confident they can retire. The research found the principle apprehension about retirement is due to financial reasons. Both small business owners and employees have concerns that they will not be financially prepared for retirement. The majority of respondents said being able to save more would increase their confidence about retirement.
The Difficulty of Password Management
Comparing losing passwords to the stress of retirement acutely shows the apprehension associated with having to reset passwords. NordPass’ study sheds light on why password management is so difficult. 66% of the survey’s respondents say it is because they have too many accounts to manage.