Here’s How Financial Education Can Improve Your Health
Five takeaways:
- A new American Journal of Lifestyle Medicine study shows that intentional awareness and knowledge of topics relating to personal finance—including learning about credit cards, saving, and overall money management— is directly tied to improved health.
- The study found that participants who completed a financial success program (FSP) had significantly reduced medical costs, higher rates of smoking cessation, and, of course, reduced financial strain.
- Reduced financial strain results in individuals having the means to engage in a healthy lifestyle: to purchase healthy foods, live in nicer areas, go to gyms, and obtain more hands-on medical care.
- Survey after survey shows that financial stress is the leading cause of stress in the United States, and that stress has hugely negative effects on overall health. People under significant financial stress are more likely to engage in unhealthy habits such as smoking, drinking, and unhealthy diets.
- Kortney Ziegler, PhD, Stanford University CCSRE Race & Technology Practitioner Fellow and CEO of WellMoney, urged readers to pursue greater financial understanding today– noting that huge educational resources are available online for free.
From Alyssa Hui at Health:
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