Money can be stressful, particularly if there’s not enough of it. Everything from debt to investment losses to not having enough saved for retirement can cause feelings of stress and anxiety that have a drastic, negative affect on your mental health. The bigger your financial distress, the bigger its impact on your mental well-being. Depression and debt Coming as a surprise to absolutely no one, depression and debt can be strongly linked. Short-term debts like overdue bills, credit cards, and living in overdraft are most strongly associated with depressive symptoms. If you’re anxious about being able to pay your electric bill or have gotten to the point where you’re not even opening your credit card or loan statements, you already know how anxious the words “balance owing” can make a person. Worrying about money makes your money worries worse One of the worst aspects of dealing with financial stress, is […]
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