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Inflation is when prices go up. When inflation goes up, it can make it more stressful for you to afford the basics like food, housing, and healthcare.<\/p>\n
According to results from the American Psychiatric Association (APA)\u00c2\u00a0Healthy Minds Monthly Poll<\/a>, nearly 90% of residents in the United States report\u00c2\u00a0feeling anxious<\/a>\u00c2\u00a0or very anxious about inflation, an increase of 8 percentage points from the previous month.<\/p>\n With inflation at a\u00c2\u00a040-year high<\/a>, the APA poll also revealed that over 50% of Americans are worried about a potential loss of income.<\/p>\n You must understand the mental health implications of inflation and how it can affect you emotionally and mentally. With an awareness of the mental health risks associated with inflation, you can take steps to proactively manage mental well-being.<\/p>\n \u00e2\u20ac\u0153Financial stress can create chronic anxiety, exhaustion, strained relationships with partners, and prevent a person from getting housing, education, or healthcare.\u00e2\u20ac\u009d\u00e2\u20ac\u201d<\/em> KARA NASSOUR, LPC<\/strong><\/p><\/blockquote>\n Economic change can be a stressful and challenging experience, especially when it comes to inflation.<\/p>\n When prices rise, mental health can suffer as people worry about how they will afford the basics, like food, housing, and healthcare.<\/p>\n In this blog post, we’ll explore how inflation affects mental health, and the steps individuals can take to protect their mental well-being during economic change.<\/p>\n \u00e2\u20ac\u0153What inflation does is it takes away your sense of security, like you\u00e2\u20ac\u2122re not sure whether you can pay for things in the future, you\u00e2\u20ac\u2122re not really sure about how things are going to be,\u00e2\u20ac\u009d says Paula Allen, senior vice president of research and total wellbeing at LifeWorks. \u00e2\u20ac\u0153Even if you are financially stable now, there\u00e2\u20ac\u2122s this concern that you might not be in the future.\u00e2\u20ac\u009d<\/em><\/p>\n Inflation can have a serious mental health impact on individuals as it causes prices to rise, making paying for basic necessities more expensive.<\/p>\n The \u00e2\u20ac\u0153Impact of Inflation on Mental Health\u00e2\u20ac\u009d report commissioned by FinMasters, found that:<\/p>\n Harvard Business Review recently cited:<\/p>\n \u00e2\u20ac\u0153Health care and health behaviors factor into peoples\u00e2\u20ac\u2122 lives in different ways, but it\u00e2\u20ac\u2122s clear that financial stress and emotional states have a direct impact on people\u00e2\u20ac\u2122s health.\u00e2\u20ac\u009d<\/strong><\/p>\n \u00e2\u20ac\u0153If a person is constantly feeling stressed about finances and struggling to pay for necessities, they\u00e2\u20ac\u2122re likely to have less energy to focus on making healthy lifestyle choices or accessing preventive medicine, thus creating a domino effect on other important aspects of their lives.\u00e2\u20ac\u009d<\/strong><\/p><\/blockquote>\n For those living paycheck-to-paycheck, inflation can cause even greater financial stress as their income will not be able to keep up with the increasing costs. Additionally, mental health concerns<\/a> can arise as people worry about their job security and future economic prospects.<\/p>\n Fortunately, mental health resources are available to help individuals cope with the mental health impact of inflation.<\/p>\n Talking to a therapist<\/a> can provide support and strategies for managing mental health during economic change. Additionally, many online resources provide information on mental well-being and ways to protect mental health during inflation.<\/p>\n If you would like to learn more about mental health and inflation, here are some additional resources that could be useful.<\/p>\n Creating a budget plan<\/a> is vital in protecting mental health during economic change.<\/p>\n A clear understanding of income and expenses can help you manage your finances more effectively during inflationary times.<\/p>\n Additionally, budgeting can help you put money aside for emergency savings so you are better prepared to handle unexpected costs.<\/p>\n Trying to stay informed about the economy and inflation<\/a> can provide individuals with greater insight into mental health challenges that may arise due to economic change.<\/p>\n Understanding how factors such as unemployment, wages, taxes, and spending affect mental well-being can be beneficial in making proactive steps to protect mental health.<\/p>\n Taking action can help you protect your mental well-being during periods of high inflation.<\/p>\n Find a therapist<\/a> to help you properly deal with the despair, distress, and anxiety associated with the uncertainty of these inflationary times.<\/p>\n Practicing good mental health habits such as getting enough sleep, staying connected with friends and family, and engaging in activities that bring joy is essential for mental health.<\/p>\n Additionally, setting financial goals and developing a plan for achieving them can give you the confidence to manage your finances during economic change.<\/p>\n Inflationary periods can be complex mental health challenges, but there are steps that you can take to protect their mental well-being.<\/p>\n Thanks for reading! We hope this blog post has provided helpful information on how inflation affects mental health and what steps individuals can take to protect their mental well-being during periods of economic change. Stay tuned for more posts about mental health and economics!<\/p>\n The GoodTherapy Registry<\/a> might be helpful to you. We have thousands of therapists listed with us who would love to walk with you on your journey. Find the support<\/a> you need today!<\/p>\n","protected":false},"excerpt":{"rendered":" Inflation is when prices go up. When inflation goes up, it can make it more stressful for you to afford the basics like food, housing, and healthcare. According to results from the American Psychiatric Association (APA)\u00c2\u00a0Healthy Minds Monthly Poll, nearly 90% of residents in the United States report\u00c2\u00a0feeling anxious\u00c2\u00a0or very anxious about inflation, an increase […]<\/p>\n","protected":false},"author":3189,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2095],"tags":[2119,2118],"class_list":["post-42152","post","type-post","status-publish","format-standard","hentry","category-find-therapist","tag-dealing-with-mental-health-during-inflation","tag-inflation-and-mental-health"],"_links":{"self":[{"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/posts\/42152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/users\/3189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/comments?post=42152"}],"version-history":[{"count":0,"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/posts\/42152\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/media?parent=42152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/categories?post=42152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goodtherapy.org\/blog\/wp-json\/wp\/v2\/tags?post=42152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Your mental health can be impacted when:<\/h3>\n
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Stress From Economic Change<\/h2>\n
How Inflation Impacts Mental Health<\/h2>\n
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67% of the respondents listed paying bills as the leading source of stress.<\/h3>\n<\/li>\n
86% were worried about being able to afford food.<\/h3>\n<\/li>\n
24% worried about being able to afford fuel for their car.<\/h3>\n<\/li>\n
76% were concerned about housing costs.<\/h3>\n<\/li>\n
7% cited credit card debt as a cause for anxiety.<\/h3>\n<\/li>\n<\/ul>\n
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<\/p>\nMental Health Resources for Coping with Inflation<\/h2>\n
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<\/p>\nCreating a Budget Plan During Economic Change<\/h2>\n
Staying Informed About the Economy and Inflation<\/h2>\n
Taking Action to Protect Mental Well-being During Periods of High Inflation<\/h2>\n
Actions You Can Take Today<\/strong><\/h3>\n
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