Loss of Income

The most immediate effect is the loss of a steady salary, leading to financial hardship and difficulty meeting basic needs like food, rent, and healthcare.
​Debt Accumulation: To survive, unemployed individuals often have to borrow money, leading to a vicious cycle of debt.
​Mental Stress and Anxiety: Not having a job can lead to a loss of self-esteem, depression, anxiety, and constant stress about the future.