Title: What Your Financial Health Says About Your Mental Health | Psychology Today
Headings: What Your Financial Health Says About Your Mental Health
Amy Morin
What Your Financial Health Says About Your Mental Health
Studies show your debt could cost you more than just interest.
Debt And Mental Health
A Mortgage Could Be Good For Your Mental Health
Which Comes First?
Reduce the Psychological Cost Of Debt

Content: And multiple studies report people with mental health problems are more likely to be in debt. Researchers from the University of South Hampton examined 65 studies on debt and mental health. Their report, which was published in Clinical Psychology Review, found a correlation between mental illness and financial problems. Researchers concluded the likelihood of having a mental health problem is three times higher among people who have debt. Depression, anxiety disorders and psychotic disorders were among the common mental illnesses people in debt experienced. There was an even higher link between suicide and debt. People who complete suicide are eight times more likely to be in debt. Additionally, people in debt are more likely to experience problem drinking and drug dependence. The researchers did not find a link between debt and smoking. Short-term debt may place people at the highest risk of depression.