Knowledge Tree
Relations (1)
related 2.00 — strongly supporting 3 facts
Credit card debt and mortgage debt are both identified as primary components of the rapid accumulation of household debt since the 1980s [1] and were both promoted by Wall Street as a response to stagnant wages [2]. Furthermore, both forms of debt are recognized as significant contributors to negative mental health outcomes for Americans [3].
Facts (3)
Sources
How the Psychological Burden of Debt Impacts Our Physical Health lithub.com 1 fact
claimAmericans have experienced a rapid accumulation of various forms of debt, including medical, credit card, student loan, payday, and mortgage debt, since the 1980s.
Systemic Debt Slavery - David Korten davidkorten.org 1 fact
claimWall Street promoted credit card and mortgage debt as a solution to falling wages relative to the cost of living, leading people to become locked into unpayable debt.
How Different Forms of Debt Affect Our Mental Health: Study innerbody.com 1 fact
measurementParticipants in the Innerbody study identified mortgage debt (35.6%) as the form of debt that most negatively impacted their mental health, followed by credit card debt (28.9%), student loan debt (16.6%), and auto loan debt (7.8%).