Have you ever thought of the unending demands we all had in our childhood and how in most cases, the fathers would magically be able to fulfill all of them? Have you ever wondered how they managed to do so despite the financial challenges they faced or still face? Financial pressure is the feeling of stress or anxiety that arises from financial difficulties or challenges. It can affect anyone, regardless of their income, education, or background. However, in many cultures and societies, men are expected to be the main breadwinners and providers for their families, which can increase their financial pressure and its consequences. Financial pressure can have serious impacts on men’s mental and physical health, as well as their personal and professional lives. Let’s look at the causes, effects, and possible solutions to the growing problem of financial pressure from a global point of view as well as an Indian man’s perspective.
Causes of Financial Pressure on Men
According to a study by the World Health Organization (WHO), financial stress is one of the leading causes of mental health problems among men worldwide. The study found that men who experience financial stress are more likely to suffer from depression, anxiety, substance abuse, and suicidal thoughts than men who do not. Financial stress can also affect men’s physical health, leading to an increased risk of heart disease, diabetes, obesity, and other chronic conditions.
One of the factors that contributes to financial pressure on men is the changing economic and social environment. Globalization, automation, and technological advancements have created new opportunities and challenges for workers and businesses. Some men may face job insecurity, income inequality, or skill mismatch in the rapidly evolving labour market. Others may struggle to balance work and family responsibilities, especially during the COVID-19 pandemic, which has disrupted many sectors and livelihoods.
Another factor that influences financial pressure on men is the cultural and social norms that shape their roles and expectations. In many parts of the world, men are still expected to be the primary earners and decision-makers in their households and communities. They may face pressure to achieve certain standards of success, status, or wealth that are often unrealistic or unattainable. They may also face stigma or discrimination if they fail to meet these expectations or seek help for their problems.
Financial Pressure on Men in India
In India, financial pressure on men is particularly prevalent and complex due to the unique cultural and historical context. India is a diverse and dynamic country with a population of over 1.3 billion people. It has a rich and varied history, culture, religion, and tradition that influence its social and economic development. It also has a fast-growing and competitive economy that offers both opportunities and challenges for its citizens.
One of the aspects of Indian culture that affects financial pressure on men is the practice of dowry. Dowry is a centuries-old tradition in South Asia where the bride’s parents gift cash, clothes, jewellery, or other valuables to the groom’s family at the time of marriage. Although dowry has been illegal in India since 1961, it continues to be widely practised and demanded in many regions and communities. Dowry can create financial pressure on both the bride’s and groom’s families, as they have to arrange or borrow large sums of money to pay or receive dowry. Dowry can also lead to violence and abuse against women if they or their families fail to meet the dowry demands of their husbands or in-laws.
Another aspect of Indian culture that influences financial pressure on men is the expectation of parental involvement in marriage decisions. In India, most marriages are still arranged by parents or relatives based on factors such as caste, religion, education, income, horoscope, or family reputation. Parents play a significant role in choosing the spouse for their children and often have a lot of influence on their marriage decisions. This can create financial pressure on men who have to meet the criteria or preferences of their parents or prospective in-laws. It can also limit their freedom and autonomy to choose their own partners or pursue their own interests.
Effects of Financial Pressure on Men
Financial pressure on men can have serious implications for their well-being and happiness. It can affect their self-esteem, confidence, motivation, and also affect their relationships with their partners, children, family members, friends, and colleagues. This pressure can impair their ability to perform well at work or school or cope with daily challenges. It can also increase their risk of engaging in harmful behaviours such as gambling, drinking, smoking, or violence.
Solutions for Financial Pressure on Men
Therefore, it is important for men to recognize and address their financial pressure and seek help when needed. There are several ways that men can reduce their financial stress and improve their financial situation. Some of these include:
- Setting realistic and achievable goals for their income, expenses, savings, investments, or debts.
- Creating a budget and tracking their income and spending habits.
- Seeking professional advice or assistance from financial experts or counsellors.
- Exploring alternative sources of income or employment opportunities.
- Negotiating with creditors or lenders for lower interest rates or repayment plans.
- Saving for emergencies or unexpected expenses.
- Investing in education or skills development to enhance their employability or career prospects.
- Seeking support from their partners, family members, friends, or community groups.
- Talking about their feelings and concerns with someone they trust or a mental health professional.
- Practising healthy habits such as eating well, exercising regularly, sleeping enough, meditating, or relaxing.
- Seeking help from organizations or agencies that offer financial aid or assistance.
Bottom Line
Financial pressure on men is a common and serious issue affecting millions of men worldwide and in India. It can have negative impacts on their mental and physical health, as well as their personal and professional lives. However, financial pressure on men can be overcome with the right strategies and support. By acknowledging and addressing their financial stress, men can improve their financial situation and well-being, and live happier and healthier lives.
