Effects of Economic Hardship on Mental Health

September 29th, 2022 in General Counselling
Effects of Economic Hardship on Mental Health

The Canadian economy is in flux, with many economists predicting a challenging market in 2022. With interest rates rising and housing prices near all-time highs, many families will struggle to make ends meet. This economic hardship can negatively impact mental health, causing anxiety, depression, and stress.

In this three-part series, we will explore the effects of economic hardship on mental health. Our first article will outline how economic hardships can lead to behavioral changes.

Increased Behavioral Problems

It is no secret that money plays a role in our lives. As the currency for all needs and wants, it can be a source of security and stability or anxiety and stress. As a result, when people are struggling to make money, it can lead to behavioral problems.

These behavior changes may cause a normally patient person to be irritable and short-tempered with those around loved ones. For some, this may manifest as verbal or even physical outbursts. In addition, people who are normally cheery and optimistic may become withdrawn and pessimistic.

Furthermore, conservative people may even engage in risky behaviors, such as gambling or excessive spending, in an attempt to make more money.

These behavioral changes can be a sign that someone is struggling to cope with their financial situation. If you find yourself or someone you know engaging in these behaviors, it is important to seek help from a mental health professional.

Counselling Can Get You Through a Rough Patch

Financial hardships can have a devastating effect on people's mental health, which can lead to problems at work, difficulty maintaining relationships, and substance abuse. Economic hardship can also exacerbate existing mental health conditions.

Working with a professional psychologist can help you mentally manage a stressful situation. Kuldip Counselling can provide you with the support and guidance you need if you are struggling due to financial instability.

Kuldip Counselling and Consulting has two convenient locations in Surrey and Langley. They offer counselling services and compassionate therapy in the areas of addictions counselling, and family and marriage counselling.

If you have any questions about this article or would like to schedule an appointment, please call (604) 764-9575.