Knowledge Tree

Relations (1)

related 2.32 — strongly supporting 9 facts

Debt is directly linked to shame as borrowers frequently report that the experience of being in debt induces intense feelings of personal failure and embarrassment, as evidenced by [1], [2], [3], and [4].

Facts (9)

Sources

The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association 6 facts

accountBorrowers describe being in debt as causing intense feelings of personal failure, shame, depression, and anxiety.

claimThe moral obligation associated with debt is a mechanism through which debt negatively impacts health, as individuals often feel shame regarding their indebtedness, which correlates with poor emotional, physical, and subjective health outcomes.

accountBorrowers describe being in debt as causing intense feelings of personal failure, shame, depression, and anxiety.

claimThe moral obligation associated with debt is a mechanism that negatively impacts health, as individuals often feel shame regarding their indebtedness, which is linked to poor emotional, physical, and subjective health outcomes.

Debt and mental health: the role of psychiatrists cambridge.org Cambridge University Press 2 facts

claimHayes (2000) noted that feelings of shame, social embarrassment, and a sense of personal failure associated with debt may make individuals unwilling to disclose or discuss their financial situation.

claimDebt is argued to be a contributing factor to social isolation, feelings of insecurity and shame, self-harm, and suicidal ideation.

Firsthand Perspectives Exploring the Mental-Financial Health ... finhealthnetwork.org Lisa Berdie, Meghan Greene, Riya Patil · Financial Health Network 1 fact

claimSome participants in the Financial Health Network study reported that taking on debt is associated with feelings of shame and embarrassment.