PALM BEACH COUNTY, Fla. — Credit card debt not only causes financial pain, many experts said it can lead to health issues.
WATCH BELOW: 'Financial stress is a warning sign that we need to take seriously,' Dr. Jeniffer McManus says
The pressure of accumulating balances and escalating interest rates, coupled with the struggle to regain control over one’s finances, can heighten feelings of anxiety, disrupt sleep patterns, and lead to conditions such as hypertension and heart disease.
Dr. Jeniffer McManus, a psychotherapist based in Jacksonville, emphasizes the broader mental health ramifications of financial stress.
“On the mental health side, financial stress is frequently cited in research and public health reports as a risk factor for depression and also thoughts of suicide,” she said. “Now, thank goodness not everyone is going to develop these problems but credit card stress, financial stress is a warning sign that we need to take seriously.”
Addressing these concerns requires effective stress management strategies and, in some cases, professional assistance in navigating personal finances.
While the journey to becoming debt-free may seem daunting, there are pathways to relief that begin at home and can extend to professional support. Whether through family discussions about budgeting or seeking the guidance of a financial expert, finding a way out of debt is achievable.
-
Save on your Fourth of July barbecue, despite rising beef prices
The price of beef — especially steak — has risen sharply over the past few years, and even hamburger meat can be expensive. We visited a grocery store to see how to keep those costs down.
Costco begins offering early shopping hours for executive members
Costco’s executive members now have access to exclusive early shopping hours. Starting Monday, the wholesale retailer began opening at 9 a.m. for executive members.
How to avoid appliance tariffs, and save big money this summer
Tariffs in imported appliances kicked in on June 23. But there are still ways to avoid them, if you need a new refrigerator, washer, dryer, or dishwasher this year.
Buy now, pay later loans will soon help determine your credit score
By now, pay later loans have helped many people stretch their budgets by paying off purchases through installments. But soon, you'll see those loans on your credit report.
