IMHCA News Update Magazine: Help Clients Improve Their Financial Health

Financial-Health

Traumatic financial losses can also result from a foreclosure, a stock market crash, a lawsuit or divorce, an unexpected tax bill, a business loss, or unemployment. The term financial PTSD is not an official psychiatric diagnosis, but is often used to describe financially triggered PTSD. This includes different emotional, cognitive, and physical challenges people experience when they have difficulty coping with either abrupt financial loss or the chronic stress of having inadequate financial resources.

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