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document DEBT042 The link between financial stress and mental health (530 words)
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Mental health is an ongoing battle in society with financial stress and mortgage debt major contributing factors to poor mental health. This article lists the signs of financial stress and provides solutions to manage the stress that may stem from debt commitments.
Introduction
If you’ve ever laid awake at night thinking about your finances you’ll know: financial stress can be debilitating. What you may not be aware of is the strong link between financial stress and mental health.
According to the Australian Institute of Health and Welfare, 4.2 million Australians received mental health related prescriptions from their doctors over the 2017-2018 period.
Though governments annually spend over $9 billion on mental health, there’s a continuous need for more resources, funding, and understanding around mental health issues.
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