MoneyLion and Mastercard’s Health is Wealth Report: Bridging the Gap Between Financial and Physical Well-being
New York, NY – In the spirit of Financial Literacy Month and Physical Wellness Month (April), MoneyLion, a leading financial platform with over 18 million American users, and Mastercard have collaborated to release the findings of their latest research: The Health is Wealth Report.1 Conducted by The Harris Poll, this comprehensive study explores the intricate connection between financial and physical health.
Key Insights from the Health is Wealth Report
According to the survey, 61% of respondents reported feeling financially stressed, while 56% acknowledged experiencing physical symptoms related to stress. Furthermore, 65% of those surveyed admitted that their financial situation impacted their ability to prioritize and maintain a healthy lifestyle. These statistics underscore the profound link between financial and physical well-being.
The Impact on Individuals
For many individuals, managing financial stress can be a challenging task. The Health is Wealth Report reveals that 35% of respondents cited financial concerns as a primary source of stress. This stress can manifest in various ways, including anxiety, depression, and even chronic health conditions.
However, there is hope. The report also highlights various strategies that can help individuals improve both their financial and physical health. For instance, creating a budget, building an emergency fund, and seeking professional financial advice are all essential steps in managing financial stress. Additionally, engaging in regular physical activity, practicing mindfulness, and maintaining a balanced diet can significantly enhance overall well-being.
The Global Implications
The Health is Wealth Report’s findings are not limited to the United States. According to a 2020 study published in The Lancet, financial stress is a global issue. Researchers found that financial stress is associated with numerous health problems, including heart disease, diabetes, and mental health disorders.
As the world grapples with the ongoing COVID-19 pandemic, financial stress has become an even more pressing concern for many. Governments, organizations, and individuals must work together to address the root causes of financial stress and promote financial literacy and well-being.
Conclusion
The Health is Wealth Report is a timely reminder of the inextricable link between financial and physical health. By shedding light on this connection and offering practical strategies for improving both aspects of well-being, MoneyLion and Mastercard are making a significant contribution to the ongoing conversation about financial literacy and overall wellness.
As individuals, we can take steps to alleviate financial stress and prioritize our health. By creating budgets, building emergency funds, and seeking professional financial advice, we can reduce financial anxiety and improve our financial situation. Additionally, by engaging in regular physical activity, practicing mindfulness, and maintaining a balanced diet, we can enhance our overall well-being and better manage the stressors in our lives.
At a broader level, governments, organizations, and individuals must work together to address the root causes of financial stress and promote financial literacy and well-being. By fostering an environment that supports financial education and access to resources, we can create a world where everyone has the opportunity to live healthy, financially stable lives.
- MoneyLion and Mastercard release Health is Wealth Report
- Survey conducted by The Harris Poll
- Connection between financial and physical health explored
- Financial stress impacts 61% of respondents
- Financial stress can lead to physical health issues
- Strategies for improving financial and physical well-being offered
- Global implications of financial stress
- Call to action for individuals and organizations to address financial stress and promote financial literacy
