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How Can Debt and Money Issues Impact Your Mental Health? equifax.com 5 facts
claimA cyclical relationship exists where poor financial situations lead to mental health struggles, which in turn make it more difficult to manage money, causing debt to grow further.
claimIndividuals living with debt may experience negative impacts on their mental health, including feelings of stress, anxiety, and depression.
claimFinancial well-being is closely connected to overall mental health, and debt can act as a significant strain on an individual's mental state.
claimFinancial status is closely linked to overall well-being, meaning debt and money issues can place significant strain on mental health.
claimDebt can be detrimental to an individual's physical and mental health.
The Impacts of Individual and Household Debt on Health and Well ... apha.org 3 facts
referenceP. Drentea and J. R. Reynolds published 'Neither a borrower nor a lender be: the relative importance of debt and SES for mental health among older adults' in the Journal of Aging and Health in 2012, analyzing how debt and socioeconomic status impact the mental health of older populations.
claimDrentea and Reynolds (2012) analyzed the relative importance of debt and socioeconomic status for the mental health of older adults in a study published in the Journal of Aging and Health.
claimDrentea and Reynolds (2012) examined the relative importance of debt and socioeconomic status for the mental health of older adults in the Journal of Aging and Health.
Firsthand Perspectives Exploring the Mental-Financial Health ... finhealthnetwork.org 2 facts
claimParticipants in the FinHealth Network study reported that holding debt creates stress on both their finances and mental health.
claimParticipants in the Financial Health Network study reported that holding debt creates stress on both their finances and their mental health, contributing to symptoms such as anxiety and depression.
How Different Forms of Debt Affect Our Mental Health: Study innerbody.com 2 facts
procedureInnerbody Research surveyed 1,063 people regarding their accumulated debt, lifestyle, and spending and saving habits to understand how various types of debt affect mental health.
claimInnerbody Research surveyed 1,063 people regarding their accumulated debt, lifestyle, and spending and saving habits to understand how various types of debt affect mental health.
How Financial Stress Affects Mental Health - UGA Today news.uga.edu 2 facts
quote“Debt does not define you. Of course, it’s hard, but it can be managed. And the most important thing that matters is you. You matter. Your mental health matters. Your life matters. Don’t let debt take that away from you.”
quote“Debt and mental health inform each other in a circular relationship,” says Sinha. “It’s a feedback loop. People with mental health conditions may find their symptoms worsening because of debt, and the money they have to put into that condition means that the debt increases.”
The Hidden Costs of Debt: How It Impacts Your Mental Wellbeing moneyfit.org 1 fact
claimBeing in debt can negatively impact mental health and well-being by causing feelings of stress, anxiety, and hopelessness.
How the Psychological Burden of Debt Impacts Our Physical Health lithub.com 1 fact
referenceA 2013 study published in Social Science & Medicine was the first to establish a direct link between debt and physical health outcomes, moving beyond previous scholarship that only focused on socioeconomic status or mental health impacts.
How Debt Stress Affects Your Health (And How a Debt Management ... harvardfcu.org 1 fact
claimDebt is a public health problem, not just a financial problem, because it negatively impacts mental health.
The Negative Impact Debt Has on Your Health bannerhealth.com 1 fact
claimThe long-term stress of worrying about debt and struggling to manage personal finances can be harmful to an individual's physical and mental health.