In this article T-CA Follow your favorite stocks CREATE FREE ACCOUNTNicoletaionescu | Istock | Getty ImagesFinancial strain associated with anxiety, depressionAcademic research has also highlighted a connection between mental health and retirement savings.
Admittedly, it may be difficult to identify whether mental health conditions lead to poorer financial outcomes, or vice versa.
The research from Telus Health points to strong relationships between financial preparedness and mental health.
Emergency savings can affect mental healthWhether workers have emergency savings set aside was another factor that led to higher or lower mental health scores, Telus Health found.
"Not having emergency savings was one of the biggest factors in terms of people's mental health," Allen said.
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