Money-related stress leads to depression: Study

MAY 06, 2012
By  JKEPHART
Could financial education be as important to good health as regular exercise and a proper diet? Just possibly, says David Ballard, head of the American Psychological Association's healthy-workplace program. A recent report by the APA found that 75% of Americans list money as a significant source of stress, and that those suffering from money-related stress issues are at a higher risk of depression, stomach ailments and even heart disease. “Stress has been compounded in recent years by the recession and the economic situation, and financial education can help relieve a lot of stress,” Mr. Ballard said. Corroborating the APA's finding is a poll by the Associated Press and AOL, which found a number of distressing links between high debt levels and health. Respondents who described themselves as being under significant stress because of debt have double the number of heart attacks as those who said they don't have a lot of stress about debt. Almost half of those with high stress over debt reported headaches and migraines, compared with 4% for individuals with low stress over debt. A quarter of high-stress respondents reported ulcers and depression, compared to 8% and 4% for less stressed respondents. The moral: Financial health can make a difference in overall health and happiness.

Latest News

SEC Says Game Service Roblox Part of ‘Active Investigation’
SEC Says Game Service Roblox Part of ‘Active Investigation’

Short sellers previously said the company was under investigation, though Roblox denied allegations.

Musk’s DOGE descends on CFPB with intention to shut it down
Musk’s DOGE descends on CFPB with intention to shut it down

The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle government agencies.

Advisor fighting Finra banishment loses $17.7 million dispute with old firm
Advisor fighting Finra banishment loses $17.7 million dispute with old firm

National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.

Job numbers, inflation leaving room for Fed to hold rates
Job numbers, inflation leaving room for Fed to hold rates

Recent data support a measured pace by the Federal Reserve for the year ahead.

Private assets remain hot despite surging stock market
Private assets remain hot despite surging stock market

Financial advisors are still adding alternatives despite the surge in publicly traded stock prices

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.