Financial stress occurs when an individual experiences anxiety or other negative emotions as a result of their financial situation. This can be caused by a variety of factors, including high levels of debt, insufficient income, unexpected expenses, and poor financial planning.
Financial stress can lead to a range of physical and psychological symptoms, including headaches, insomnia, depression, and anxiety. It can also impact an individual's relationships, work performance, and overall quality of life. It's important to note that financial stress is not always the result of poor financial decisions or behaviors. Economic factors, such as a recession or job loss, can also contribute to financial stress.
If you're interested in learning more about how to decrease financial stress, then watch the video below for five helpful tips.