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Money and depression are linked in many ways and on many levels. Where there is depression, money troubles are sure to follow. While money, or the lack thereof, cannot cause depression, being depressed can cause loss of income, change of income, poor money management, and many other money related problems.

This is not a discussion of mild or temporary depression. Feeling a little down and blue for a brief time might cause temporary poor judgment, with regard to money, but it will not throw your financial well being into a tailspin. We are talking about the relationship between money and severe, chronic depression.

Chronic depression is a serious illness, brought on by a chemical imbalance, which affects a person's ability to think clearly. The condition saps energy, and the depressed individual suffers from lethargy and an inability to concentrate and make sound decisions. A depressed individual is unable to maintain the thought processes necessary to good money management. Even with no shortage of money, without clear thinking and attention to detail, financial problems will surface.

Some depressed persons go on spending sprees to make themselves feel better. Because their judgment is impaired, overspending frequently occurs. When they realize the error of their behavior, another bout of depression is triggered, setting up a vicious cycle of overspending and depression.

Often a person is so frozen in their depression they are unable to perform at their job. Unemployment is prevalent among the chronically depressed. Medical help is readily available for individuals suffering from depression. However, if a person is so depressed he cannot work, he probably lacks medical insurance coverage, and cannot afford to pay for medical treatment, thus setting up yet another link between money and depression.

Even when there are no money shortages, depression can be present. Often we will hear individuals lament about their abundance of money and upscale lifestyles leaving them with a feeling of emptiness and depression. Regardless of the real issues in these individuals lives, the connection between money and depression is again present.

In our country, we even use the term "depression" to illustrate the decreases in our economy. We refer to a "depressed market", and spiraling into a financial "depression", like the great depression of 1929. When these terms are used on the news or in financial reports, we all know what is happening, and it's not good, it's actually depressing.

So, is money invariably linked with depression? Where there are money troubles, depression can be triggered. Where there is depression, money troubles are sure to be present. It is safe to assume money and depression are invariably linked.

Learn more about this author, Carol Gioia.
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