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Side effects of financial stress on health
Unexpected shocks demonstrate how weak financial resilience is when there are insufficient buffers and safeguards. This can, in turn, have a deep impact on mental and physical health, including causing depression and, in severe cases, leading to suicidal thoughts.
How do finances affect your mental health?
Chronic stress, including financial stress, can lead to mental health issues such as irritability, sadness, or feelings of hopelessness, depression and anxiety. Chronic financial stress can take a severe toll on mental health. It can lead to severe disorders, depression, substance abuse and also increase the risk of suicidal ideation.
How does financial health affect physical health?
Stress can also lead to physical health problems such as frequent headaches, high blood pressure, unexplained aches and pains, changes in appetite, fatigue, heart diseases, hypertension and other stress-related illnesses. The unrelenting stress of financial insecurity taxes the body and impacts hormone levels in ways that initiate depressive symptoms. Feelings of failure, shame and low self-worth are common when you can’t adequately provide for yourself or family.
How can financial problems affect a relationship?
Financial stress can strain relationships, leading to conflicts, breakups, or divorces. Relationship conflicts around money add isolation and tension that reduce critical social support. Without relief, the despair, rumination, and emotional strain of financial stress can spiral into a severe depressive state.
How does financial stress impact work performance?
High levels of stress can affect concentration, focus and productivity, leading to decreased work performance and job loss in extreme cases.
Can financial worries change your behaviour?
Yes, financial stress can cause behavioural changes such as avoidance of financial discussions or denial of the financial problem, changes in spending habits, emotional outbursts and withdrawal from social activities due to financial constraints.