It's common knowledge that nobody wants to rack up credit card debt. But, just how bad is it? Can credit card debt affect your health? Some say it absolutely can affect your health, while others aren't too worried about what the debt will do to them in the long run. Today, we will take a look at the different ways credit card debt can negatively impact your health.
A survey conducted by NerdWallet found that two in five consumers who have credit card debt said it affected their happiness. The same survey found that one-third of consumers suffered a negative impact on their standard of living because of credit card debt and one in five consumers said the debt had an impact on their health.
One of the most common ways credit card debt affects people is by causing a lack of sleep. Many respondents to the survey said that they have lost sleep because of their debt. People stay up all night trying to figure out how they will pay down their debt or find a higher paying job.
Another way credit card debt affects a person's health is by causing undue stress. The stress one suffers from debt can lead to serious health issues, such as breathing problems, heart problems and even gaining weight or unwanted weight loss.
People who are drowning in debt can wind up suffering from depression, anxiety and other mental issues as they struggle to live a normal life.
As you can see, having too much credit card debt can put a major strain on your health, your relationships, your family and your overall wellbeing. Make sure you get your debt under control as soon as possible to avoid this unnecessary stress.