How debt can affect your health
When debts become a serious problem,
it’s not only financial stability that suffers. Debt worries can have a
significant impact on health and wellbeing, both mentally and
physically.
Debts can become a symptom of illness
Medical experts agree that worrying
about debt can lead to illness. The term ‘worried sick over debts’ is
not just a saying, it is a reality that affects thousands of debtors.
Debt stress can lead to physical and mental illness that can strike
without warning. Doctors have reported rising levels in debt-related
illness due to the recent credit crunch. It seems that eliminating debts
may be one of the only ways to help alleviate this type of illness.
Common illnesses caused by debt stress
Debt related stress can be the cause of a
number of health problems. Anxiety, back pain and migraines are three
of the most common health complaints. Depression and ulcers are also
known to be associated with debt stress. Doctors have also reported a
rise in patient health problems such as weight gain, mood swings and
digestive disorders with debt stress being a common factor. Constant
sleeplessness due to worrying over debts can also leave people run down,
stressed and prone to mood swings.
The knock-on effect of debt stress
Serious debts can in themselves be a
vicious circle, and this circle can also extend to debt-related health
problems. Stress is a major factor in alcohol and narcotic dependency
with people self-medicating to relieve their worries. This can then lead
to time off work and in the worst case scenario many people have lost
employment due to absenteeism. There have been reports of people
actually suffering strokes and heart attacks due to the long term
stresses caused by money worries.
Debt related illnesses can hit any age bracket
Debt related stress can hit at any age
as more people achieve high levels of debt earlier in their lives.
Students and young people are prone to living beyond their means and
succumbing to the easy cash provided by loans. Students are also leaving
their university courses laden with debt and taking low paying jobs
just to make ends meet. More retirees than ever before are living on the
poverty line and relying on credit well into their golden years. The
stresses and ill health connected to debt does not pertain to any one
age group.
Mental problems associated with debt stress
Many people in serious debt can become
depressed but mild depression can be just the tip of the iceberg.
Becoming depressed over debts is a normal reaction, and if the debt
problem is alleviated then depression will usually disappear. But
constant harassment from debt collectors, threats of losing a home and
bankruptcy have led to more serious consequences. The media have
reported numerous cases of debtors taking their own lives over mounting
debt problems. Some people can handle debt pressures but for others
depression can take over their lives and suicide can seem like the only
option.
Spotting the signs of depression
The person affected by depression may
not actually notice the signs creeping up but these signs may be
apparent to family and friends. People who are suffering may not want to
talk about their problems and may begin to become reclusive. They may
also start taking time off work and be prone to mood swings and
irritability. It may also be the case that those suffering from
depression will lose or gain weight rapidly and may turn to alcohol or
drugs. They may also complain about unexplained aches and pains such as
headaches, stomach pains and back pains.
Culled from Punch
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