Financial issues may lead to stress and can significantly impact your mental health. These problems may cause you to struggle with paying your monthly bills. Financial stress may occur in various situations and under different circumstances. Different people experience varying financial stress conditions. Financial stress may lead to delayed healthcare, unhealthy coping behaviors, and poor physical health. This article outlines the top five causes of financial stress.
Long-term unemployment or low income
Unemployment significantly impacts mental health. This could be due to reduced self-esteem and stress arising from the stigma linked to unemployment. Mental health may also be affected by financial hardships, reduced future income potential, and insecurity, causing stress which damages overall health. Catering to your basic needs and those of your loved ones becomes challenging without employment. Low income is another cause of financial stress. You’ll struggle to make ends meet without sufficient income, which can be pretty depressing. [Read more…]
