Financial Stress
Financial stress refers to the anxiety and worry that individuals experience when they face difficulties managing their finances. This can arise from various factors, such as unexpected expenses, job loss, or overwhelming debt. When people struggle to meet their financial obligations, it can lead to feelings of helplessness and impact their overall well-being.
The effects of financial stress can extend beyond personal finances, affecting relationships and mental health. Individuals may experience sleep disturbances, anxiety, or depression as they grapple with their financial situation. Seeking support from professionals or financial advisors can help alleviate some of this stress and provide guidance on managing debt and budgeting effectively.