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4 Tips to Cope with Debt Depression

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“Debt depression is not a formal clinical diagnosis. Rather, it is a term used to describe depressive symptoms brought on by the emotional stress of debt,” explains Joyce Marter, a licensed psychotherapist and author of The Financial Mindset Fix: A Mental Fitness Program for an Abundant Life. Marter says that many of the negative thoughts that come out of financial hardship create emotional responses that contribute to debt depression.

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