A person’s mental health and wellness can be strongly impacted not just by their current financial state, but by their attitude toward finances in general. When thoughts around spending and saving trigger stress and anxiety, a financial therapist can help uncover the causes, allowing their clients to develop a healthier long-term relationship with money.
Seventy-two percent of people say finances impact their mental health, according to research from financial wellness platform Brightplan. These challenges don’t subside when the workday begins —according to the firm’s 2022 Wellness Barometer Survey, half of respondents said financial stress negatively affects their engagement at work, while 48% reported that it affects their productivity.
