According to the American Psychological Association, stress affects the body in multiple ways.
It has been proven that stress factors, including those caused by financial circumstances, can cause health-related issues such as ulcers, skin conditions, back problems, migraines, depression, anxiety and other mental and physical challenges. In addition, financial stress can result from the amount of debt an individual may have, tuition costs, healthcare expenses, or even how much is being set aside for retirement.
It has been shown that 62% of Americans lose sleep worrying about their finances. In addition to the aforementioned conditions, it may also lead to negative habits such as drinking, smoking, and overeating, etc.