Mental Health and Inflation-Related Anxiety

2 minute read

We are currently faced with the highest inflation rate since 1981. This is causing many people to feel financially stressed, which may be negatively impacting their mental health. According to the American Psychiatric Association’s Healthy Minds Monthly Poll, nearly 90% of U.S. residents report “feeling anxious” or “very anxious” about inflation.

Anxiety induced by financial stress can contribute to heart disease, high blood pressure, insomnia, and more frequent colds and other minor illnesses. Many may cope in unhealthy ways such as smoking, drinking, and overeating, which can decrease overall health.

When anxiety takes a toll on a person’ physical heath, it can often lead to increased medical bills. And at a time when inflation is so high, it can worsen the anxiety for those already experiencing it. Here are some tips on how to manage anxiety to help lessen these effects:

• Reframe your mindset. Shift your perspective about it. You may not be able to control it but there are things you can do to help you prepare for it. Starting an emergency fund, limit leisure spending, or make other budget changes.
• Lean on family and friends. Talking with those close to you can help you stay grounded and reduce feelings of anxiety.
• Seek professional help. Waiting to get help when you need it is only going to lead to worse mental and possible physical health.
• Work with a financial planner. Working with a professional can help eliminate uncertainty around managing your money.
• Connect with community. There may be community-based organizations that can connect you to programs that provide food resources, rent assistance, and financial guidance in which you may qualify.
• Avoid negative media. Feelings of anxiety can increase when you consume too much negative content. Focus on other things such as taking a walk or reading a book.

To deal with the current economic uncertainty, it’s best to focus on what you can control. Increased anxiety can lead to negative physical effects so it’s important to employ various coping mechanisms to ensure you remain healthy. Download the bulletin for more details.