Losing your job is bad for your health, but there are things you can do to minimize the harm

The recent firing and furloughing of federal workers and contractors by the Trump administration have had a significant impact on the economy and the livelihood of many Americans. This has raised concerns not only about financial hardships but also about the potential health hazards that individuals may face as a result of losing their jobs.

As a professor of social work who specializes in studying the relationship between finances and health, I am particularly concerned about the negative effects that job loss can have on both physical and mental well-being. Research indicates that how individuals perceive their financial situation plays a critical role in determining the impact on their health.

While losing a job can lead to financial struggles such as a decline in income and savings, the way individuals perceive this change can exacerbate the situation. Those who view job loss as a catastrophic event are more likely to experience intense stress, which can manifest in serious health problems like depression and substance abuse.

A study conducted in 2023 highlighted the importance of perception in how financial changes affect health. The research found that how individuals felt about a decline in income had a significant impact on their health compared to the actual financial change itself. This underscores the influence of psychological factors on health outcomes during times of financial hardship.

Financial precarity, characterized by inadequate financial resources to meet basic needs, can contribute to both physical and mental health issues. The stress resulting from financial worries can lead to conditions like high blood pressure, back pain, and obesity. Additionally, financial challenges can impact mental health, leading to anxiety, depression, and lower self-esteem.

Individuals facing financial stress may resort to unhealthy coping mechanisms such as alcohol or substance abuse, gambling, or excessive shopping. These behaviors not only harm physical health but also worsen financial strain. Moreover, strained relationships and social ties can further deteriorate under financial stress, affecting overall well-being.

Despite the challenges posed by job loss, there are strategies individuals can adopt to promote resilience and minimize the negative impact on health. Seeking support from friends and loved ones, networking for new opportunities, engaging in volunteering, and maintaining healthy habits like exercise and adequate sleep can help individuals navigate the challenges of unemployment.

Ultimately, prioritizing self-care and positive coping strategies can mitigate the adverse health effects of job loss. By taking proactive steps to protect both financial and physical well-being, individuals can better weather the challenges of unemployment and emerge stronger from the experience.