“Depression is a significant health concern that is associated with financial strain,” Klontz said. Your financial problems might lead to a sense of hopelessness or even sometimes suicidal thoughts, he said.
“If you’re finding yourself in that situation, you certainly should get emotional help,” Klontz said, adding that if you have medical insurance, you’re likely to have some mental-health treatment coverage. If not, in some states it’s easy to get therapy if you don’t have the financial means to pay for it, Klontz said.
To avoid letting financial problems lead to depression, don’t tie your self-worth to your net worth, Klontz said. Remind yourself that “you’re more important to people than the paycheck you bring home,” he said.
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