How Debt and Financial Stress Affects Your Mental Health and Ways to Cope
What is the most dangerous mental health side effect of debt?
Accruing debt can decrease self-esteem and increase stress, anxiety, depression, substance abuse, relationship conflict and even lead to suicidal thoughts and feelings. Many people struggling with debt feel paralyzed with fear and suffer in silent shame and isolation. Financial distress accounts for 16 percent of suicides in the US and correlates with lower life satisfaction. Read more here.