Debt affects more than your bank balance

On Behalf of | Apr 12, 2022 | Credit Card Debt

Millions of Americans are currently struggling with the cost of living. Medical bills, rent, inflation and other factors can all result in debt spiraling out of control.

One aspect that is often overlooked is the impact debt can have on your health. Debts have been linked with numerous health disorders, both physical and emotional. If you find yourself in a tight spot financially, it is important to remember that you are not alone. Let’s take a closer look at the impact debt can have on your health.

Your physical health

Medical bills are one of the leading causes of debt in the United States. If you take a trip to the doctor, then you can also expect to part with some cash. People who are struggling to get by simply cannot afford to do this. This results in individuals ignoring symptoms rather than seeking treatment to identify what’s going on. Not visiting the doctor means you avoid a bill, but at what cost in terms of your health?

Emotional well-being

It goes without saying that being in debt is stressful. If you can see no viable option to get out of the situation, it can consume your thoughts. You may struggle to sleep, lose your appetite and suffer from panic attacks. These are just some of the signs of major depressive disorder (depression). This condition can be debilitating and ultimately, it costs thousands of Americans their lives every year.

As you tackle your debts, you need to also keep your health in mind. Reaching out for guidance in this area will help you get back on the right track, both in terms of your finances and well-being.