All around the world, poverty results in suffering and ill health. Without health, people are unable to achieve very much, and without financial resources, health alone cannot lead to a satisfying life. Research and policy have helped us better understand the various health issues associated with poverty, financial hardship, and associated deprivation. Poverty affects our ability to retain friendships and family relationships, our access to nutritious food, our opportunities to engage with our community, and the location, availability, and condition of our home.

Low income has a variety of effects on people, according to research. All things considered, a lack of income restricts a person’s purchasing power and decision-making abilities. Poverty is directly related to mental health due to its emotional and psychological toll, especially because of its links to loneliness and isolation. Despite the fact that poverty can have a variety of emotional effects, many individuals characterize it as making them feel devalued and isolated from society. In actuality, 20% of persons with a mental health issue are also likely to have a financial problem, and up to 50% of those with a debt problem also have a mental health diagnosis.

The idea that “wealthier is healthier” is evident in all nations at any given period. Average life expectancies are 20 years longer in high-income nations than in low-income ones, and child mortality rates are 0.7% against 12.3%.

However, money may improve subjective well-being when it means escaping poverty and living in a developed country, but when more money is acquired by wealthy people whose material needs increase in tandem with their salaries, cash seems to have no long-term effect on SWB. The association between income and SWB is thought to be determined by the extent to which people’s wealth allows them to meet their material needs.

How money is spent is what counts most. Money undoubtedly promotes health when it is used for wellness, healthy living, and preventative treatment. However, it could have the reverse impact if it encourages unhealthy competitiveness, persistent stress, or unhealthy indulgence.

Furthermore, there are legitimate issues raised by the disparity in healthcare access between the affluent and the poor. People with lower incomes are more likely to experience high-risk surroundings, poor nutrition, and delayed treatment. Long-term health effects are frequently the result of these social and economic disparities.

A healthy lifestyle may be accessed through money, but it’s not the only one. Emotional equilibrium, self-care, social support, and wise decision-making are all components of true well-being. This path can be aided by financial prosperity, but everyday routines and principles that promote long-term health cannot be replaced.