Living on the Edge: Debts Increase Risk of Depression and Suicide

In this article on Loans.org, Dr. Sack discusses how financial strain can lead to depression and how debt, depression and addiction work hand-in-hand.  Additionally, money is essential for living and when debt piles up it can affect your overall health.

“Each problem reinforces the other and creates a cycle that can be difficult to break,” he said.

Some consumers are drawn into debt because of addiction, whereas others that are strapped with debt become more depressed as the bills pile up.

“These individuals are visibly weighed down by shame and guilt surrounding their drug use and its consequences, which leads to further drug and alcohol use,” Sack said. “It can become a self-perpetuating cycle.

Read the entire article at Loans.org.

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