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Assets and debts and other accumulated wealth mydepression-help.com be considered to understand one's mental health because they influence quality of life over time. Researchers acknowledge limitations of previous studies regarding mental health, which did not consider net worth . Prior studies have focused on Socioeconomic status (SES) as a determinant of mental health and not considered net worth. This has meant that the importance of net worth (Wealth and debt) is increasing and these aspects should be taken into consideration to better understand the mental health .As the amount of debt that people hold has steadily increased the people who are in a high amount of debt may experience more stress and anxiety about their future, which then causes more stress, anger, and irritability . Particularly, debt can result in a cumulative disadvantage in which one can't manage poor mental health. They may not be able to keep the social connections they have, which is harmful as social support is important for mental well-being .
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