Effect of Mental Health and Economic

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 Mental health economics has developed rapidly over recent decades. From an earlier “age of 12” , with apparently little recognition of resource scarcity by the research community, to a phase of “unbridled criticism”, which rejected economics as having any legitimate role to play in evaluating treatment and care, the field has moved on noticeably. 

 Mental health and financial well-being are two important aspects of our lives. It is much more often viewed in isolation from each other. However, the truth is that these two elements are deeply intertwined and play a crucial role in determining our overall health and happiness. 

 The physical tolls of stress, such as insomnia and fatigue, further compound the problem. On top of this, today’s economic climate piles on an additional layer of stress that can significantly impact our mental health. Struggles to meet expenses, save for the future or even make ends meet can evoke feelings of anxiety and depression. Placed in a volatile fluctuating market where you can watch your retirement savings balance levels moves up and down, and the stress can cause even the most seasoned investor to act out of fear. 

 Self-care is key to both mental and financial well-being. When we take care of our physical and mental health, we can make better financial decisions and manage our finances with greater confidence. Self-care activities such as exercise, meditation and hobbies can help us reduce stress, improve our focus and maintain our mental and emotional balance. 

 CTS consultant llc. we know this is important to remember that mental health and financial well-being go hand in hand and neglecting one will ultimately impact the other. Whether you’re struggling with financial stress or simply looking to improve your overall health, take the time to invest in both and prioritize your well-being.

*Identifying you and your Mental Health

*Budgeting And Planning, 

*Automate Your Finances  

*Meet With a Financial Professional  

 Knapp M. Economic evaluation and mental health: sparse past… fertile future? J Ment Health Policy Econ 1999;2:163‐7. [PubMed] [Google Scholar]

  Forbes Finance Council