280. Debt and Depression

Debt

There is a direct link between debt and depression. “People in debt are three times more likely to have a mental health problem than those not in debt” says new research by the University of Southampton (UK). But the research also mentions that these statistics may include a chicken-egg component. That is, there may be a link between having depression and being in debt as well as the link between being in debt leading to depression.

For example, Manny is in debt and falls into depression because of it. On the other hand, Maria is in depression and loses her job because she misses too much work, leading to her debt. I know from personal experience that when deeply depressed, it was difficult to even pay the bills, though I had the money to do so.

The moral of the story: if you are deep in debt, seek counseling to help guard you from depression.

About Patrick Day

triumphoverdepression.org This blog is my ministry to support those who are depressed, in gratefulness for my having overcome major depression. Read "About Patrick Day" just to the right of "home" on the top of the blog site to find out more particulars about me. I retired from a career in higher education, where I served as Dean of Instruction, and promptly moved into a life of purposelessness and despair for five years, finally coming out on the other side. I am now an author, a business and life coach, a writer of this blog, and a volunteer for various organizations. What I write about in this blog is not hypothetical comments on depression. I have been there, felt the horrible pain, had my life disrupted, and experienced everything that I write about. I pray that I may be a blessing to you.
This entry was posted in Doing Healthy Things, Emotional Wellness, Treatments for Depression. Bookmark the permalink.

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