Knowledge Tree
overindebtedness
Facts (19)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org Oct 25, 2021 17 facts
claimPublic health and health care sector leaders can partner with consumer protection organizations, community development agencies, and asset-building leaders to reduce overindebtedness by providing health-related justifications for increasing access to low-cost loans and protecting individuals from high-cost unsecured loans.
claimWhite residents in the U.S. have greater access to low-cost loans and credit from mainstream banks compared to Black, indigenous, and other people of color (BIPOC), who disproportionately bear the burdens of high-cost loans, credit, and overindebtedness.
perspectiveSome argue that public health institutions should not address overindebtedness because it falls outside their purview and because public health agencies in the United States are underfunded and should prioritize other policy areas.
perspectiveWhite residents in the U.S. have greater access to low-cost loans and credit from mainstream banks compared to Black, Indigenous, and other people of color (BIPOC), who disproportionately bear the burdens of high-cost loans, credit, and overindebtedness.
procedureHealth care providers should follow this procedure to address patient overindebtedness: (1) confidentially screen patients for overindebtedness as a risk factor while ensuring privacy protections, (2) refer patients to legal aid organizations that can negotiate lower debt levels, and (3) refer patients to public benefit programs to help reduce debt levels.
procedureHealth care providers should confidentially screen patients for overindebtedness as a health risk factor and refer patients to legal aid organizations and public benefit programs to help reduce debt levels.
perspectiveCanceling debt could provide more hope for the future and resources to improve people’s lives, rather than feeding feelings of futility and exposing individuals to the health risks of overindebtedness.
procedureHealth care providers should confidentially screen patients for overindebtedness as a risk factor, ensure privacy protections, and refer patients to legal aid organizations for debt negotiation and to public benefit programs.
perspectiveSome argue that while overindebtedness causes material burdens and poor mental and physical health, addressing it is outside the purview of public health, which is underfunded and should prioritize other policy areas.
perspectiveSome argue that while overindebtedness causes material burdens and poor mental and physical health, the authority to implement solutions for debt is outside the purview of public health.
claimPublic health and health care sector leaders can partner with consumer protection organizations, community development agencies, and asset-building leaders to reduce overindebtedness by providing health-related justifications for increasing access to low-cost loans and protecting individuals from high-cost unsecured loans.
claimCanceling debt could provide individuals with more hope for the future and resources to improve their lives, rather than fostering feelings of futility and exposing them to the health risks associated with overindebtedness.
claimPublic health and health care sector leaders can partner with consumer protection organizations, community development agencies, and asset-building leaders to reduce overindebtedness by providing health-related justifications for increasing access to low-cost loans and protecting individuals from high-cost unsecured loans.
claimWhite residents in the U.S. have greater access to low-cost loans and credit from mainstream banks compared to Black, indigenous, and other people of color (BIPOC), who disproportionately bear the burdens of high-cost loans and overindebtedness.
procedureHealth care providers should confidentially screen patients for overindebtedness as a health risk factor, ensure privacy protections are in place, and refer patients to legal aid organizations for debt negotiation and to public benefit programs.
perspectiveSome argue that while overindebtedness leads to material burdens and poor mental and physical health outcomes, the authority to implement solutions for debt is outside the purview of public health.
perspectivePublic health and health care sector leaders can partner with consumer protection organizations, community development agencies, and asset-building leaders to reduce overindebtedness by providing health-related justifications for increasing access to low-cost loans and protecting individuals from high-cost unsecured loans.
Psychological and behavioral consequences of debt and its ... journal.psych.ac.cn 2 facts
referenceLea (2021) examined psychological evidence regarding debt and overindebtedness and discussed the associated policy implications in Social Issues and Policy Review.
referenceLea (2021) examined psychological evidence regarding debt and overindebtedness and discussed the associated policy implications in the Social Issues and Policy Review.