Can money buy happiness? Maybe! Financial stress is a major contributor to serious mental health issues, especially depression and anxiety. But the numbers on your bank statement are not the only things that determine your psychological wellbeing. In this episode, we discuss the research on the effect of money and financial hardship on mental health and happiness. We also walk through one framework for how to boost your financial coping skills with your loved ones.
Frankham, C., Richardson, T., & Maguire, N. (2020). Psychological factors associated with financial hardship and mental health: A systematic review. Clinical psychology review, 77, 101832.
Can money buy happiness? Study
Can money buy happiness? Maybe! Financial stress is a major contributor to serious mental health issues, especially depression and anxiety. But the numbers on your bank statement are not the only things that determine your psychological wellbeing. In this episode, we discuss the research on the effect of money and financial hardship on mental health and happiness. We also walk through one framework for how to boost your financial coping skills with your loved ones.
Frankham, C., Richardson, T., & Maguire, N. (2020). Psychological factors associated with financial hardship and mental health: A systematic review. Clinical psychology review, 77, 101832.
Can money buy happiness? Study