How does the economy impact our health and wellness? What type of strategies can we implement to maintain our health and wellness balance? Can we add financial wellness to the dimensions of health and wellness? Why? Why not?
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The economy does not directly affect our health. That is, if I become richer, I will not automatically become healthier. Nor will I automatically become less healthy if I lose my job or if I have to accept a cut in my pay. The connection is not that direct.
However, there is a general, overall connection between the economy and health. It is generally true that people who are financially better-off will also enjoy better health. In the US, at least, there are three main reasons for this. First, people who are better-off economically will typically have better access to health care. They will have better jobs that give them health insurance, sick leave, and other benefits that allow them to get care when they need it. Second, people who have more money can afford more things that help their health. They can afford to buy healthy food. They can afford to buy exercise equipment. All of this can help their health. Finally, people who are better-off will, on average, have less stress in their lives. They will not have to worry about as many things. They will, therefore, tend to be healthier because we know that stress can be detrimental to health.
For these reasons, there are connections, though they are indirect, between the economy and our health.
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