Debt is now recognized as a legitimate health concern. The impact that financial stress has upon people can lead to new diseases and illnesses, as well as increasing the health problems people are already struggling to manage. The following 5 reasons explain the negative health effects that debt can have and why it’s important to get out now.
Existing Debt Stress Causes Harm
Financial problems cause debt stress, which can lead to depression, overeating, high blood pressure and other physical and mental problems. On a recent Dr. Oz television program, financial guru Suze Orman pointed out studies that link debt with obesity. Obesity in turn contributes to health problems including heart disease and diabetes. Financial problems cause depression, and those affected may turn to comfort foods, contributing to becoming dangerously overweight.
Increased Debt Leads to Increased Stress
When debt causes illness, it creates additional financial strain for that person’s medical treatments. Illness runs rampant when patients cannot pay for their medical treatments, skip medicine due to costs, or when they borrow from credit cards to pay for medical expenses. Excessive medical bills are a major cause for bankruptcy and more financial stress.
Debt Stress Causes Long-term Illness
Debt leads to sleeplessness, psychological and emotional stress. This can lead to back pain, anxiety, headaches, mood swings, substance abuse or suicide attempts. The resultant medical costs for treatment increase the debt load. Long-term illnesses related to debt stress include ulcers, digestive disorders and cancer.
Financial Ability Means Better Health Opportunities
Plan now to tackle and eliminate your debt woes. Become debt free and cover your bases with proper insurance and drug health coverage plans. Try to build up a special medical savings account to deal with future health expenses. You will receive lower rates and be in a lower risk demographic when your health is considered to be optimum for your age. There are ways to deal with unexpected medical expenses. Even if you have poor credit due to past financial problems, it is possible to obtain payday loans in Texas without a credit check.
Peace of Mind Comes from Being Debt Free
Many health problems can be eased by being at peace with your finances and the rest of your life. Without debt dragging you down mentally and physically, you are better equipped to manage other normal age-related health issues. Being debt free will allow you to enjoy better health and a better life.
This article was written by Dixie Somers on behalf of Power Finance Arlington.
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