Use brain power to get back on track

A big financial loss can be as devastating as a personal crisis, taking a heavy toll on a woman’s mental health

Most people know that when we experience the death of a loved one, we grieve. It's our brain's way of processing the significant change and loss.

What most people don't realise is that we grieve any change, including financial loss or a sudden career change, not just the loss of a loved one or thing. Research shows that these experiences have a significantly greater impact on women's emotional and financial wellbeing, particularly for those facing gender-based financial challenges and discrimination in the workplace.

A 2021 US study found that women are more likely to experience financial insecurity than men. This was supported by an American Psychological Association study that found women were more likely to experience stress, anxiety and depression as a result of financial strain.