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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 are aware of the limitations of previous studies regarding mental health, which did not consider net worth. The studies that were conducted in the past have focused on socioeconomic standing (SES) instead of net worth as an aspect that could impact mental health. Net worth (Wealth) and debt are growing in significance. That means people who are anxious and stressed about their future may be more anxious and depressed. In particular, debt can cause a negative cumulative effect and means that one is unable to manage their mental health. This is since they could lose their social support, which could affect their mental well-being.
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