The Effects of Being Broke on Your Health
Spend what you have earned.
Save what you spend from what you’ve earned.
And then, earn more!
Our entire life is based on this vicious cycle. Money dominates our thinking and money then dictates it. It has incredible control over us. And the moment the cycle goes kaput, our biological alarm kicks in and send our body into physical and mental overdrive. If you go totally broken, the effects are only compounded.
Is this just a myth or fact?
Medical science believes that the impact of being financially broken starts from mental health and then transcends into physical health.
When your survival comes into question, your body’s natural response is to develop stress. Stress stimulates the production of stress hormones like adrenaline and cortisol. These hormones send your heart into overdrive, which then increases your blood pressure. To facilitate the heart in the overdrive mode, brain starts dumping fat and sugar deposits into your bloodstream.
That sounds pretty simple. But what’s the result of this physiological reaction?
Short Term Effects
Over a short time, this leads to anxiety disorder, moving towards headache and then transforming into muscle tension, ulcers and digestive problems.
Long Term Effects
Persistent stress caused due by bankruptcy and other financial woes over a longer period results in diseases like diabetes, hypertension, heart diseases, chronic back pain, impotency and Alzheimer. The resulting panic attacks may also lead towards asthma. Worst of all, your body starts losing its ability to heal.
When combined, these two effects kick start a chain reaction where you also cut yourself off from your social circle. Social isolation threatens your survival even more and the stress piles up, compounding its effects even more.
Still not convinced, we have the numbers to prove it.
Proven By Numbers
Here are some of the figures revealed from the studies conducted by Moneybasics.co.uk and Citizens Advice, which corroborate the influence of financial woes on our mental and physical health:-
- More than 30 percent of people in UK, concerned about their finances, are found to be struggling with health issues. Out of these, 74 percent had their mental health affected by their financial woes, while the other struggled with physical health.
- The depression that accompanied, affected the sleeping habits of 21 percent. 16 percent started having arguments with their partners on a routine bases, while 1 percent got their relationships broken.
- The studies revealed that 10 percent resorted to comfort eating, 5 percent started drinking excessively, 4 percent lost their appetite and 3 percent lost their weight.
Like every other phase of life, you have to understand that you won’t be financially broken forever. These stages are a norm and looking at them in the grand scheme, they can help us to evolve into a better person. Embracing it and asking for help won’t be-little you. Avoiding it and living in ignorance will surely catch up with you at some point and the rest is well documented.