Financial Stress and Your Health

financial stressAccording to a survey released by the American Psychological Association in February, 2015, Americans experience extreme stress about money:

• 72% of Americans reported feeling some stress about money sometime within the past month.
• 22% experiences extreme stress about money during the past month.
• 31% of adults with partners reported money is a major source of conflict in their relationship.

“Regardless of the economic climate, money and finances have remained the top stressor since our survey began in 2007. Furthermore, this year’s survey shows that stress related to financial issues could have a significant impact on Americans’ health and well-being,” APA CEO and Executive Vice President Norman B. Anderson, PhD, said.

Lack of a job or a job that barely meets income requirements can contribute to stress which greatly affects your health. According to the article:

“The report also uncovered good news about stress management. Americans who say they have someone they can ask for emotional support, such as family and friends, report lower stress levels and better related outcomes than those without emotional support. Unfortunately, some Americans say that they do not have anyone to rely on for emotional support. According to the survey, 43 percent of those who say they have no emotional support report that their overall stress has increased in the past year, compared with 26 percent of those who say they have emotional support.”

If you are one of those facing financial stress due to no job or a low-paying job, don’t wait until your health is in danger before asking for help. A career coach can provide the support and information you need to lower your stress. Optionally, join a job search network, visit your local Department of Labor office, or visit your library and read resources online to help you. You never have to suffer alone.

We hope this is helpful to you! Terry L. Wynne, Ed.S., LPC, BCC, Career Coach at HallieCrawford.com.

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