Psychosocial issues encompass the psychological and social aspects of a personâs life influencing thoughts, feelings, behaviors, health, functioning, well-being and/or quality of life. Psychological components include cognition, emotions, and personality.sychosocial issues encompass the psychological and social aspects of a personâs life influencing thoughts, feelings, behaviors, health, functioning, well-being and/or quality of life. Psychological components include cognition, emotions, and personality.