Debt affects more than just finances

When it comes to debt and stress there is a direct correlation between the two. Debt can have a profound impact on overall health. Debt impacts our overall health, mental state, relationship with our friends and family, and even how we perform on the job.

Many people are intimidated to talk about finances or may feel shame when discussing personal finance problems. The financial counselors at Money Management International (MMI) offers a wide variety of services including credit and budget counseling to help relieve the burden of stress due to financial issues. Below are some debt-related stress stats.

  • People who have debt-related stress are four times as likely to have ulcers or other digestive problems (Source: Lifehacker.com). 
  • In neighborhoods with high foreclosure rates, there is a 12 percent increase in anxiety-related emergency room visits for adults under 50 years old (Source: MedicineNet.com).
  • Twenty-four percent of Americans blame financial hardships for health-related issues such as depression, anxiety, and problems sleeping. Financial stress can also be linked to failed relationships (Source: Money Management International personal finance survey).
  • Eight out of 10 Americans say the current economy is a significant cause of stress (Source: American Psychological Association).
  • Faith in the American economic system continues to decline. Seventy-four percent of Americans do not trust the U.S. financial system (Source: MSNBC.com).

Fight back against debt today and call MMI at 866.990.2227 to get help now!

 

 

Renee McGruder is a former communications coordinator and grant writer at MMI.

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