Did Debt Cause That Cold This Season?
Debt doesn't only hurt your buying power. According to a new study, debt touches on all aspects of life, from your marriage to your performance at work. Debt can even cause health problems. If you are struggling with debt on a daily basis, this might not be surprising to you, but the results of the study are nevertheless shocking.
Less than twenty percent of the four-hundred respondents thought that debt hadn't hurt their relationship with their spouse. A little over one fifth reported their debt negatively affected their relationship with their child. Over thirty percent reported they did not tell their spouse how much debt they truly had, and twenty percent didn't tell their friends. Sixty-five percent reported high debt stress caused them to perform poorly at work. Half said that debt hurt their health.
Let's talk about this last issue a little: debt hurting your health. It's a good assumption that debt and stress are related, but we might not be aware of the massive extent of problems that stress causes to the body. According to Dr. Alan Manevitz, stress is a feeling of constant alarm, and during this your body releases hormones that, "increase your heart rate, blood pressure, breating pace, muscle tension, and inflammation, and dumping fuel (glucose, fats) into the bloodstream." These symptoms can manifest themselves into a disease called debt stress syndrome.
Dr. The doctor gives three points of advice for helping patients cope with debt stress syndrome. The primary solution is to uncover the cause of your stress: your debt. First, he says, don't deny it. You have to admit that you are in debt. Unlike many people in the study who hide their financial troubles not only from their friends but their spouses, it's important to come clean about your debt situation. Second, he says, you must be proactive. If you feel like you are getting over your head in debt, think about researching information about Chapter 7 or Chapter 13 bankruptcy. Third, get help. Financial advisers and bankruptcy attorneys, for example, exist to help you put an end to your debt.
Tough as it is, debt can and does destroy lives. But, it doesn't have to. You are not doomed. In fact, you have multiple options which might, in part, solve your debt issues. Not only might you be risking your house, but you may also be risking your health. Like any serious problem, you should educate yourself with the most information possible before making any decision. Find free educational material about bankruptcy. You may be surprised to find that the answer to debt stress syndrome and the other effects was right here all along.
by: Jim Brown
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