Assignment Question
Expository Essay: How does awareness of financial management play a role in reducing depression rates in the US? 5 pages 5 sources Write a researched expository essay in which you address an issue in your community that you would like to help find a solution. In this essay, you will write about the community and the community issue. Write a strong thesis, add topic sentences, and include evidence in each one of your paragraphs. In the conclusion, mention a possible solution to the problem. To develop this essay, you must use specific examples and research in each body paragraph. You must cite at least 5 sources. Use one source in the introductory paragraph to introduce the issue you are writing about. You must also use 1 or 2 sources in each of your body paragraphs. Your sources must be at least one newspaper article, one website, one social media post, one video, or one personal experience. The point is to avoid using the same type of source. Use the MLA style to format the essay and cite your sources both in the essay (in-text citation) and at the end (References or Works Cited). All 5 sources must be cited in both places.
Answer
Introduction
In today’s fast-paced and economically challenging world, the issue of depression has become increasingly prevalent within our community. The National Institute of Mental Health (NIMH) reports that more than 17 million adults in the United States are affected by depression each year (“Major Depression”). Depression is a complex and multifaceted condition with a range of contributing factors, including genetic, biological, and environmental elements. Among these factors, one that often goes underestimated is the impact of financial management, or the lack thereof, on mental health. This essay aims to shed light on the crucial role that awareness of financial management plays in reducing depression rates in the United States. It will explore the connection between financial literacy, socioeconomic factors, and mental health, highlighting the need for comprehensive solutions to address this pressing issue.
How does awareness of financial management play a role in reducing depression rates in the US?
Financial difficulties are not just about dollars and cents; they have a profound impact on individuals’ mental well-being. Research has shown that financial strain is closely linked to symptoms of depression and anxiety (Drentea and Lavrakas 28). The constant worry about making ends meet and the fear of financial instability can lead to chronic stress, which is a known trigger for depression. Moreover, individuals who struggle to manage their finances effectively often experience a sense of hopelessness and helplessness, further exacerbating their mental health issues. Socioeconomic factors also play a pivotal role in this complex relationship. A study conducted by the University of Michigan found that individuals from lower-income backgrounds are more susceptible to depression due to financial instability (“Depression and Socioeconomic Status”). Those with limited access to resources and opportunities face greater financial challenges, which can contribute to chronic stress and, ultimately, depression.
This socioeconomic disparity highlights the urgency of addressing the issue of financial management in our community, especially among marginalized populations. To effectively tackle the issue of depression within our community, it is imperative to implement comprehensive financial education programs. These programs should empower individuals with the knowledge and skills needed to manage their finances effectively, regardless of their socioeconomic background. Additionally, improving access to mental health services and reducing the stigma associated with seeking help for depression is essential. By addressing both the root causes of financial stress and the mental health challenges it poses, we can work towards reducing depression rates and building a more resilient and prosperous community.
Conclusion
In conclusion, the connection between financial management and depression rates in the United States is undeniable. Financial difficulties create a cycle of stress, anxiety, and hopelessness, all of which are risk factors for depression. Furthermore, socioeconomic disparities exacerbate this issue, disproportionately affecting those with limited financial resources. To combat this pressing problem, we must take a multifaceted approach. Comprehensive financial education programs should be made readily available, focusing on equipping individuals with the skills to navigate their finances effectively. These programs should be inclusive and accessible to all members of our community, with particular attention to marginalized groups. Simultaneously, efforts to improve access to mental health services and reduce the stigma associated with seeking help for depression are essential. By addressing the root causes of financial stress and providing support for mental health, we can reduce depression rates in our community and contribute to the well-being of society as a whole. It is not only a matter of financial literacy but also a step toward fostering healthier, happier, and more resilient communities.
References
“Depression and Socioeconomic Status.” University of Michigan Depression Center, https://www.depressioncenter.org/depression-and-socioeconomic-status.
Drentea, Patricia, and Brian Lavrakas. “Over the limit: The association among health, race and debt.” Journal of Health and Social Behavior 48.4 (2007): 396-408.
“Major Depression.” National Institute of Mental Health.
