Consumer debt in the United States has risen to over 13 trillion dollars. That number continues to balloon as the domestic cost of living outpaces wage growth.
We all know that being in debt is bad for your bank account, but what few people consider is how debt can be bad for you physically and emotionally.
Below are five traumas that debt can bring about that can wreak havoc on your life.
1. High Blood Pressure
Anybody that has ever been in serious debt knows the level of stress that one endures when living under it.
That tightness in your chest. The feeling of being smothered. Sleepless nights...
All of those factors can raise your blood pressure, which can put you at a higher risk of heart and brain issues. Seeing as how heart problems are the leading cause of death in the United States, debt-induced stress could prove fatal.
2. Weakened Immune System
The more your body is focused on debt, the less focused it's going to be on keeping illnesses at bay. As a matter of fact, several studies have been done that link stress to an increased likelihood of becoming ill.
If you're prone to contracting cold and flu bugs, you may find yourself in a constant state of misery as you search for ways to escape your money trauma.
3. Lowered Confidence
On an emotional level, there are few things more crushing to one's confidence than managing money problems. When you're in debt, you can't afford to go out and spend time with friends. You can't confidently seek partners that may judge your financial situation or do several other things.
These factors contribute to the phenomenon where many debtors become reclusive and see their quality of life dissipate as a result.
4. Body Aches
The tension that your body experiences when it's under debt-induced stress can be particularly bad for you if you have a bad back, neck, or another chronically sore body part.
Muscles that are under stress tend to ache more than usual. They can also culminate into tension headaches, which make doing daily activities unbearable.
Debt and depression are frequently intertwined. That's why debt-related suicide is prevalent in our society.
Even if your debt depression doesn't lead to suicide, it will likely impede your ability to work or ask for the debt related lawsuit help that you need to chip away at your financial woes. That can create a vicious cycle that keeps you trapped.
Debt Is Bad for You in a Multitude of Ways. Fortunately, You Can Beat It.
There's no question that debt is bad for you. Fortunately, there are resources out there that can help you gradually pay down your debt or release yourself from it altogether.
Talk to a debt counselor to explore your options and find the best way to get past your issues. If you find yourself in need of more online advice, we welcome you to browse additional content on our blog.