The aim of the study was to test the Finances-Shame model and its explanatory power regarding the prevalence of psychosocial ill-health. The Finances-Shame model postulates that (i) the greater the financial stress and the more experiences of having been shamed, the greater the risk for psychosocial ill-health, (ii) the lesser the financial stress and the fewer experiences of having been shamed, the lower the risk for psychosocial ill-health. The study was based upon a survey carried out during the period March 2000-May 2000 in a mid-Swedish region (n = 5,666). The response rate was 69%. The results of the study supported the hypotheses.