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Is Debt Making You Sick?

Debt Stress is Almost Epidemic Across the U.S.

Jan Peterson
If you are one of the millions of people living paycheck to paycheck, buried in debt and stuck in a home worth less than your mortgage, your health might be suffering.

Debt can be Debilitating

When the bills pile up, so does stress. Growing debt has a way of gnawing at your mind and can often become a chronic stressor that breaks down your body too.

MayoClinic.com's article, "Stress management: Identify your sources of stress," tells us that chronic stress leads to health problems such as headaches and insomnia. They explain that much of our stress is self-induced through fears and uncertainty about the future, which, in turn, plays havoc with our bodies.

MSNBC's article "Debt stress causing health problems, poll finds," estimates that 10 to 16 million people in the country suffer from at least three stress-related illnesses. They state further, "And the current tough economic times and rising cost of living seem to be leading to increasing debt stress, 14 percent higher this year than in 2004, according to an index tied to the AP-AOL survey."

The survey referenced is an Associated Press-AOL Health poll, which claims that the deepening debt across the United States has manifested itself in health issues that include ulcers, anxiety, depression, lower back pain, and panic or heart attacks. The study was not conclusive as to whether debt directly causes health issues, but the researchers agree that the symptoms uncovered from the poll "are typical of chronic stress".

People who are operating with a high level of stress report trouble concentrating, and are prone to getting upset for no good reason. Unfortunately over the years, overwhelming debt and its correlating mental stress has been blamed for horrifying news stories which report of someone snapping and "going postal" or even killing family members.

What Should You Do if You Are Suffering from Debt Stress?

To deal with stress, Mayo Clinic recommends first identifying its source, and, secondly, learning to manage it.

Analyze your financial situation realistically and make hard decisions. Downsize your home if possible. Sell your car and ride the bus. Get rid of the toys and frills and live like it's 1950 again for a while. Talk to a qualified financial manager, debt counselor or bankruptcy attorney to discover what your options are. Look into government assistance, if needed.

If debt is making you sick, work toward gaining control of your thoughts to lessen the stress. Replace worry with constructive action. Go to church to gain spiritual guidance and perspective. Eat healthy, filling up with foods that relieve stress. Think about your debt situation as a temporary setback and trust that things will get better eventually.

As you work toward finding the right solution for your financial situation, spend time with friends and family members and accept their generosity when offered. Do everything possible to chase away negative thoughts through relaxation techniques and exercise, and if needed, visit a counselor or your pastor.

References:

MSNBC, Mental Health
MayoClinic.com, Stress Management

Published by Jan Peterson

Jan worked for thirty years in banking and has been writing songs for over fifteen years. You might find her name in the songwriting credits of many independent and major motion pictures. She s always loved...  View profile

  • An estimated 10 to 16 million people in the U.S. suffer from at least three stress-related illnesses
  • Chronic stress leads to health problems such as headaches and insomnia.
  • A high level of stress can make people prone to becoming upset for no good reason.
An AP-AOL health poll indicates that the deepening debt across the United States has manifested itself in health issues that include ulcers, anxiety, depression, lower back pain and panic or heart attacks.

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