Money Sickness Syndrome

Escalating money worries are having a growing impact on mental and physical health.

The new Money Sickness Syndrome report, published by AXA, has found that a large part of the nation is suffering from financial anxiety. This is brought on by the cost of living, everyday bills and debt.

Symptoms of financial stress include anxiety, lack of concentration, insomnia and feeling depressed. With government plans to raise the State Pension Age to 66, many pensioners will be considering working for longer to avoid developing Money Sickness Syndrome.

Avoiding this recognised health syndrome, first identified by GP and mental health expert Dr Roger Henderson four years ago, is a case of employing proper and considered Financial Planning.

By understanding your income and capital requirements in retirement, and then putting in place a workable plan of action, you can avoid the stress and worry associated with money.