The link between mental and financial health are more connected than some may realize. Growing evidence reveals that financial strains and worries play significant roles in mental health.
In the US, one in five adults lives with a mental illness, of which 7.8% experience major depressive episodes and 19.1% have anxiety disorders (Mental Health America, 2020). Worries about personal health and financial security are related to higher levels of psychological distress. This is an alarming trend, given that psychological distress is associated with several adverse health outcomes, and can manifest itself through physical symptoms such as anxiety, depression, compromised immune systems, high blood pressure, and a feeling of being overwhelmed.
Genetic factors may also play a role in the development of these conditions. If you have a mental disorder, being aware of your condition so you can get the proper treatment is essential.
People who are struggling financially often have poorer diets, can fear losing their homes, and typically experience strong feelings of shame about not being able to provide for themselves and their families. Whether you’re planning for the future or managing existing debt, getting your finances in order is essential to your physical, mental, and emotional well-being.
Financial stress can be isolating, leaving people feeling as if they are alone with their problems. Find someone who you can talk to about your concerns. They may not be able to fix your problems, but they should be able to listen to your concerns without judgment. Use this person as a sounding board for your ideas.
When you’re experiencing financial stress, you can be embarrassed and feel shameful. It can be challenging to reach out to family members and friends to share what you’re going through. However, you can trust that the people who truly care for you will be supportive, understanding, and compassionate. Shame is a very negative emotion that can contribute to your stress load.
If your finances are causing you stress, reach out to a financial advice service for help. Seeking help from a professional with the experience, knowledge, and solutions for your financial situation is an important step. Century has helped hundreds of thousands of people settle debts that they otherwise couldn’t pay, and has saved clients a lot of time, aggravation, and money in the process.