Money is one of the most universally-desired possessions and is the driving force behind thriving
economies. Most people spend nearly one-third of their lives devoting their efforts to earning more
money and becoming successful in their chosen occupations. Unfortunately, many working professionals
find it increasingly difficult to earn enough cash to meet their daily needs and support their chosen
lifestyles. As a result, families and individuals who are bombarded with financial worries are susceptible
to negative effects on their physical health, family relationships, sleep quality and emotional health.
Chronic stress over financial matters can take a significant toll on physical health. Some of the most
common physical symptoms of financial stress include anxiety and compromised immune systems that
can lead to frequent illnesses. People are also less likely to visit the doctor when they are worried about
their finances. This means that any serious health conditions they have are more likely to worsen due to
lack of treatment.
Effects on Families
Although financial stress has a significant impact on individuals, it also influences entire families. A
recent study by the University of Sydney Menzies Centre for Health Policy showed that families are
more likely to suffer from health ailments when they are under financial stress. Children often respond
to familial stress by acting out and developing behavioral problems. Even though parents feel the full
brunt of financial worries, children pick up on their anxiety cues and respond in a negative way. Chronic
stress can even lead to an increased risk of mental illness in children.