High levels of financial stress can impact people’s well-being, raising levels of psychological distress, anxiety, and depression. A review found clear evidence for a link between financial stress and depression, and that the risk for depression was greatest for people on low incomes.
A large survey of adults in Uganda also found that greater financial worries were associated with more psychological distress. Severe financial stressors, such as being forced to sell your home if unable to meet mortgage payments, can affect both psychological and physical health.
Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life. Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels. It can leave you feeling angry, ashamed, or fearful, fuel tension and arguments with those closest to you, exacerbate pain and mood swings, and even increase your risk of depression and anxiety.
This strategic objective focuses on improving the socioeconomic well-being of both the caretaker of the mentally sick persons and the rehabilitated persons targeted by Prince Jim Shepherd Nadiope Foundation so that they can provide essential needs for their families and grow their asset base. Our work under this objective focuses on increasing access to financial services (saving and credit) and improving household productivity and incomes.
Our Livelihood support approaches include the following;
- Financial Literacy and Business Skills development
- Linking to Financial institutions i.e. banks, microfinance and SACCOs
- Apprenticeship and Cottage industry
- Public and Private sector engagements