Financial struggles are taking a toll on mens mental health: survey

Over half of men admit that financial struggles have made them feel like they’ve fallen short of “being a man,” according to a recent survey.In honor of Men’s Mental Health Month in June, the survey polled 2,000 men, evenly split by generation, to investigate how money difficulties and societal pressure to provide have impacted their well-being.According to the findings, over three-fourths of respondents (77 percent) said that growing up, they were taught that a man’s primary role within his family is to be the financial provider.However, most (70 percent) feel that it’s harder for men to fulfill the role of financial provider today, compared to their parents’ generation.There are many reasons for this, but the top ones referenced in the results were the cost of living increasing faster than wages (54 percent), lack of affordable housing (43 percent), economic uncertainty (39 percent) and increasing job instability (35 percent).Men are struggling financially — and paying a mental health price.The study was conducted by Talker Research on behalf of Beyond Finance and uncovered that more than four in ten men (42 percent) said they are in dire financial straits: 17 percent said they’re not even able to make ends meet financially, and a quarter (25 percent) said they’re just barely getting by.This situation has had a very real, damaging impact on their overall well-being.In the study, more than a third of respondents (35 percent) revealed that financial concerns negatively impact their mental health every day.

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And the likelihood of negative mental health impact increases in young men: Nearly half of Gen Z admitted that money worries hurt their mental well-being daily.In comparison, just 17 percent of baby boomer ...