Credit card debt and stress

Credit card debt and stress

Credit card debt is a very frequent problem and many therapists and medical staff have to attribute severe cases of depression, stress and anxiety to debt related triggers.

credit cards, loans,stress,debt, debt management

The relationship between stress and credit card debt is a very close and, unfortunately, widespread one. A Public Interest Research Group and Consumer Federation of America analysis of accurate Federal Reserve reveals some astounding figures: the average household has debt ranging between $10,000 to $12,000 and the average number of credit cards is nine. Such statistics are representative for several other countries, besides the US, such as the UK, Canada or Australia. The convenience of using credit cards is the same everywhere, and the psychology of the human society is relatively identical. We all want to own more than we can afford and, at the moment we reach a certain social status or level, we aim for the next and so on. This race also has its victims and they are numerous. Credit card debt is a very frequent problem and many therapists and medical staff have to attribute severe cases of depression, stress and anxiety to debt re

 

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