In the worst circumstances, financial stress can even prompt suicidal thoughts or actions. You may resort to unhealthy coping mechanisms, such as drinking, abusing drugs, or gambling to try to escape your worries. It can leave you feeling angry, ashamed, or fearful, fuel tension and arguments with those closest to you, exacerbate pain and mood swings, and even increase your risk of depression and anxiety. Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels. Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life. The recent economic difficulties mean that even more of us are now facing financial struggles and hardship. Even before the global coronavirus pandemic and resulting economic fallout, an American Psychological Association (APA) study found that 72% of Americans feel stressed about money at least some of the time. Whether your problems stem from a loss of work, escalating debt, unexpected expenses, or a combination of factors, financial worry is one of the most common stressors in modern life. Many of us, from all over the world and from all walks of life, are having to deal with financial stress and uncertainty at this difficult time. If you’re worried about money, you’re not alone. Stress Coping with Financial Stress Feeling overwhelmed by money worries? Whatever your circumstances, there are ways to get through these tough economic times, ease stress and anxiety, and regain control of your finances.
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