Finances are an essential aspect of our lives. They are the key to fulfilling our basic needs and to satisfy our wants as well. However, it is crucial to understand that our financial health not only affects our physical wellbeing but also our mental health. Mental health is a state of well-being in which an individual realizes their own potential, can cope with the normal stresses of life, can work productively, and can contribute to their community. An individual’s financial situation greatly impacts their mental health. Let’s discuss how it affects one’s mental health- 1 . Anxiety and Stress Levels Financial troubles can cause considerable stress to an individual, creating intense anxiety levels. As per a study, 72% of Americans feel stressed about their finances. Constantly worrying about meeting financial obligations such as rent, debt, or bills can lead to severe psychological symptoms such as irritability, insomnia, and even panic attacks. 2. Depression and Other M...
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