How Worrying About Money Can Affect Your Health

Stressing about finances can adversely impact your well-being.

• People who are worried about money often experience physical health issues that can limit their ability to work.
• Financial strain often contributes to mental health problems such as stress, anxiety and depression.
• If you’re worried about money, try reducing your expenses, negotiating a higher salary and consolidating your debts.
• This article is for people who want to learn about the health effects of financial stress and ways they can increase their cash flow.

By Shayna Waltower – Read the entire article HERE on Business News Daily’s website

Worrying about money can affect you in more ways than you may realize. New research has found that the risks of several significant health problems increase when people are worried about their financial situation. If you find yourself stressing about money, follow the tips in this guide to help reduce the impact on your well-being.

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Effects of financial stress on physical health

While it is not surprising that money is the main source of stress for most people, this new research has found just what people can expect from their worries. A study from researchers at several universities found that stress related to accumulated debt has a strong correlation to pain and inflammation.

This research also showed that unsecured debt is associated with work-limiting disabilities. By age 40, 11% of people with accumulated debt experienced health conditions that limited their ability to work. Roughly 12% of these people experienced pain that interfered with their work. About 26% of these people also experienced pain, swelling or stiffness in their joints. The researchers projected that, by age 50, these figures would respectively reach 19%, 20% and 51%.

These findings are especially concerning considering debt is a common theme in American households. According to a study by Lending Tree, the average American has $6,569 of credit card debt. Moreover, about 48 million Americans carry student loan debt, which can significantly contribute to financial hardship. 

Key takeaway: Financial stress can contribute to health problems including joint pain and inflammation, which can reduce one’s ability to work.

Effects of financial stress on mental health

Unsecured debt and other financial worries can also contribute to mental health concerns. In a 2022 Bankrate survey, 42% of respondents said concerns about their finances have negatively impacted their mental health.

Anxiety, depression and worrisome thoughts were among the symptoms the respondents said they’ve experienced. Debt, insufficient funds to pay for

Read on…article continues HERE on Business News Daily’s website