Economic stability is one of the most significant social determinants of health, profoundly influencing individual and community well-being. Financial security affects access to essential resources like healthcare, housing, nutrition, and education, contributing to better health outcomes.
For many Americans, economic instability—whether caused by unemployment, underemployment, or living in poverty—creates barriers that result in poorer physical and mental health.
Healthcare providers, especially those working in community-based settings like Federally Qualified Health Centers (FQHCs), are crucial in addressing these issues and promoting health equity.
How Can Economic Stability Shape Health Outcomes?
The Link Between Economic Stability and Health
One-third of adults say they are not economically secure. Economic stability is tied to a person’s ability to afford healthcare, healthy food, stable housing, and even a safe living environment. People with financial security are more likely to attend regular medical appointments, purchase necessary medications, and maintain a healthy lifestyle. Conversely, financial stress and instability often lead to delays in seeking care, neglecting preventive services, and difficulties in managing chronic health conditions.
A lack of economic stability can create a cycle of worsening health. For example, individuals experiencing job loss may lose health insurance, leading to delayed treatment of conditions that become more severe. Unemployment can also contribute to mental health issues such as anxiety and depression, which in turn can affect physical health. Economic instability limits access to these basic needs, disproportionately affecting vulnerable populations such as low-income families, minority communities, and individuals with disabilities.
The Impact of Employment and Income on Health
A stable income allows individuals to meet their basic needs, including paying for healthcare services, medications, and healthy food. Those with higher incomes tend to have better access to healthcare providers, enabling them to receive timely medical care and preventive services. Higher-income individuals are also more likely to afford healthy food options, leading to better nutrition and lower rates of obesity, diabetes, and heart disease.
Conversely, unemployment or low-income jobs often result in financial strain, contributing to stress-related health issues such as high blood pressure, sleep disorders, and mental health conditions. Many people in these situations may skip doctor visits, ration medications, or avoid seeking treatment altogether because of cost concerns. This situation further exacerbates health problems, resulting in higher rates of emergency room visits and hospitalizations for conditions that could have been managed or prevented with regular care.
Barriers to Economic Stability
Several factors contribute to economic instability, including educational attainment, job opportunities, and systemic inequities. Limited access to education and job training often traps individuals in low-paying jobs, preventing them from achieving financial security. In addition, racial and ethnic minorities face structural barriers that limit their access to high-paying jobs, fair housing, and quality healthcare.
Geographical location also plays a role. Rural areas often have fewer employment opportunities and healthcare resources, creating further barriers to economic stability and, consequently, health. Urban areas, while having more healthcare options, may face higher costs of living that strain individuals’ financial resources, even if employed.
Addressing Economic Instability in Healthcare
Healthcare providers, especially those in FQHCs, are in a unique position to help patients navigate the challenges of economic instability. FQHCs provide services on a sliding fee scale, ensuring that individuals with limited income can still access care. These centers often offer additional services such as mental health counseling, substance abuse treatment, and social work assistance, helping patients address the broader social determinants of health that affect their well-being.
By collaborating with community organizations, housing agencies, and local governments, FQHCs can connect patients to resources that help alleviate economic challenges. Programs that assist with job training, housing, and food security can contribute to improved health outcomes by addressing the root causes of financial instability.
Healthy Body, Happy Life
Economic stability is a crucial factor in shaping health and wellness. Financial security allows individuals to access the care, nutrition, and resources they need to lead healthy lives. Conversely, economic instability creates barriers that prevent people from receiving adequate care and maintaining healthy lifestyles. Addressing economic instability requires a holistic approach, with healthcare providers, especially those in FQHCs, playing a vital role in connecting patients to essential resources. By understanding and addressing the financial challenges that impact health, healthcare professionals can help reduce disparities and improve the overall well-being of their communities.
Looking For Talent?
UHC Solutions supports these efforts by providing highly qualified staff to the FQHC community. We help these organizations find clinical and administrative talent, serving as a partner to help them meet their hiring goals. Contact us to find out what we can do for your organization.