Money and depression are linked on several levels. While a shorage of money may not actually cause depression, there is no arguing the fact that lack of funds leaves one at high risk for depression.
When an individual is depressed, money troubles often follow. Being depressed to the point of inability to function can cause loss of income, change of income, poor money management, and many other money-related problems.
Feeling a little down and blue for a brief time might cause temporary poor judgment with regard to money, but it might not throw financial well-being into a tailspin.
Severe, chronic depression, however, is apt to leave an individual mentally paralyzed and unable to function. Chronic depression is a serious illness, brought on by a chemical imbalance, which affects a person's ability to think clearly, take action or make decisions.
Depression saps energy, creates lethargy and an inability to concentrate. A depressed person might be unable to maintain the thought processes necessary for practicing good money management. Even with no shortage of money, without clear thinking and attention to detail, financial problems could surface.
Some depressed people go on spending sprees to make themselves feel better. Because their judgment is impaired, overspending might occur. When they realize the error in their irresponsible behavior, another bout of depression is apt to be triggered, setting up a vicious cycle of overspending and depression.
Poor work performance is apt to be prevalent among the chronically depressed. Sometimes people become so paralyzed by depression they are unable to perform at their jobs. Unemployment translates to lack of income, which for most could lead to financial crisis.
Medical help is readily available for individuals suffering from depression. However, if a person is so depressed he cannot work, he probably lacks medical insurance coverage, and cannot afford to pay for medical treatment, thus setting up yet another link between money and depression.
Even when there are no money shortages, depression can be present. One might hear individuals lament that despite their abundance of money and upscaled lifestyles, they have feelings of emptiness and depression.
Once some individuals reach a desired level of financial stability, they live in fear of losing what they have acquired and suffer depression wrought from inability to enjoy their success. Regardless of the real issues in these individuals lives, the connection between money and depression is again present.
Is money invariably linked with depression? When there are money troubles, depression might be triggered; when depression exists, money issues are apt to be experienced, leading to the logical conclusion that depression is invariably linked to money.