How Finances can Impact Your Mental Health

Posted: June 14, 2022

Since the Great Depression, there has never been a time when so many people have been experiencing financial difficulties at once. National economies collapsed as a result of the Covid pandemic’s effects on the human population. It is not surprising, then, that we are seeing an increase in the number of people suffering from depression.

Research has shown a connection between depression and financial stress in other contexts. These findings suggest that depressed and anxious individuals are three times more likely to be in debt.

In a Vicious Cycle,

Regardless of the problem, a solution necessitates clear thinking and the ability to act. Anxiety and depression can make it difficult to deal with one’s financial issues.

If, for example, a person is depressed, they are likely to feel overwhelmed and out of control. For some people, dealing with problems is too much of a burden.

Depression and anxiety can also interfere with a person’s ability to get a good night’s rest. Even the most simple problems can be difficult to solve because of the mental fog that results from this.

When You Talk To Someone, It Can Be a Real Help

A therapist, not a financial advisor, is what I’m talking about. If you’re having trouble coping, talk to a professional therapist. Therapy can help you gain the clarity you need to recover from depression and anxiety and regain control of your financial situation.

There’s nothing to be embarrassed about. There are many of us who have felt depressed and anxious about our finances at some point in our lives. When the economy seems to be working against us so often, it’s just part of modern life.

Feel free to get in touch with me if you or someone you know is struggling financially and needs some support. I’d be delighted to assist you in resolving the problem you’re facing right now.

SOURCES: