Debt can be a very challenging thing to deal with. Some people react better than others. It’s reported that people in debt have more stress, depression, physical, and social issues. If you can’t cope with the fact that you are dealing with debt, you are more than likely going to get worse. The results of you getting worse can be lead to harming yourself and your body and possibly death. Being in debt can be very mentally stressful. Which can lead to worse things. Mental health is growing more and more as debt increases.
According to the wellness group recent studies have shown that debt and financial insecurity are linked to mental health issues that have a long-lasting impact on health and wellness. Major life changes such as retirement or unemployment can cause financial hardship. They also say that People with good coping techniques can manage periods of financial uncertainty relatively well with few mental or physical side effects. This means that if we can figure out how to control our coping techniques will be better off. Stress is a main issues when it comes to being in debt.
You need to be able to manage your stress or you will just get worse and worse which can lead to future issues. Stress is one of the biggest mental health issues right now. Stress can cause many things such as anxiety or depression. Stress can affect your relationships and your health. A few Signs that may indicate that you are dealing with financial stress, difficulty sleeping, feeling angry or fearful, mood swings, tiredness, muscle pain, loss of appetite, and withdrawing from others. Some people use drugs or alcohol to help them cope. Some have thoughts of self-harm or suicide.
This is caused because of depression caused by stress. Stress can lead to depression, which can lead to hurting yourself or drugs and other harmful substances. When negative feelings have built up over a long time and your debts have become the overriding issue in your life, sinking into a deeply depressed condition is a very real danger. Any of the aforementioned negative emotional responses to debt may be serious enough to require medical or psychological intervention. Nearly three in four people with debt worries told us their financial concerns were affecting their mental health.
Some people have been able to stop taking medication for depression because, after receiving help from their local Citizens Advice Bureaux, they were able to sort out their financial difficulties. If you are dealing with the stress and depression of debt, you will more than likely be dealing with the physical side of it as well. You will be impacted physically as well because of debt if you are stress and depressed and don’t know how to cope with it. If you are dealing with the mental part of dealing with stress you will not want to try and keep your body in shape and healthy.
More than 1 in 2 (54%) said their physical health was affected because of debt. Of those having health problems, just over half had experienced a panic or anxiety attack (51%). Almost 4 out of every 5 (79%) said they were losing sleep most nights because of debt. If you can’t get the right amount of sleep, you will have more health problems and this will also make you more stressed. Health problems can limit how much people can work or if they are able to work at all, which means a devastating impact on people’s finances. This just puts you more in debt and it will just get worse if you do nothing.
Debt can cause high blood pressure which can lead to strokes and heart disease. High blood pressure can be a very serious thing if not handled and treated as fast as possible. A 2013 study from Northwestern University found that adult’s ages 24 to 32 who had high debt-to-assets ratios (meaning that if they sold all of their belongings they still wouldn’t have enough to pay back what they owed) also tended to report poorer health in general. This caused their blood pressure to rise which can be fatal. If you are in debt you are less likely to go to the doctor you get your blood pressure checked and anything else that you may be dealing with.
If you can’t go to the doctor, you are just increasing the chance that something bad will happen. People who have high levels of credit card or medical debt are less likely to visit a doctor or dentist for regular checkups or even when they’re sick, according to a 2013 study from the University of Michigan. “These people can’t afford to accumulate more bills, especially if they don’t have good insurance,” says Sweet. “It’s another really important mechanism we need to consider—that debt doesn’t just affect your health but it can then keep you from getting the treatment you need, as well.
If you aren’t mental stable and your health isn’t so hot, how are you going to be able to keep a relationship with a friend or a loved one? Relationships is maybe something vou don’t think about being linked to debt but it is. If you are dealing with stress, depression, and physical issues, you probably will start losing the people around you because you see them as wrong or bad. In a 2012 study published in Family Relations, newlywed couples who disagreed about financial issues at least once a week were more likely to divorce within five years than were those who argued about other issues, such as chores, in-laws, and time spent together.
Your love life is not the only thing that can be affected. Your family can be affected as well in many ways. If you do not handle it right it could lead to worse things down the line. If you are dealing with stress and depression your family will want to be there for you. You may see them as a threat and this is what causes break ups in the family. You need to be able to accept their help and understand that they are trying to help you not hurt you. Being in debt can cause mental, physical, and social problems in your life if not handled correctly.
Being in debt will cause you to be stressed and if you can’t cope with the stress worse things will come. Health is something you might think would be affect because of debt but it will and it can be fatal if not handled. Your relationships will be gone if you can’t fix the problem or if you shut everyone out. Being in debt can be a catastrophic thing and if you can avoid it that would be best. If you can’t though just make sure you have ways to get through it without hurting yourself or your family and everything will be ok.