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.
-
Navigating credit card debt: Strategies for reduction and management
This month, WPTV sought your thoughts on the challenges surrounding credit card debt, and we're making it a priority to address your questions.
Living with credit card debt: 'You wake up thinking about it'
Living with debt can be a constant source of stress. WPTV is helping you find ways to consolidate debt and manage credit cards with high interest rates.
'I USE IT A LOT': More consumers falling behind on 'buy now, pay later' payments
This month, WPTV sought your thoughts on the challenges surrounding credit card debt, and we're making it a priority to address your questions.
'Financial stress is a warning sign': How debt can impact your health
The stress of rising balances, higher interest rates and how to get out of debt can contribute to anxiety, sleep issues, hypertension and heart disease.
