Avoid Health Consequences From Financial Stress

Written by Stacy O'Quinn Friday, 24 June 2011 06:48

Many people consider themselves victims of the recent recession because they lost a home, job, or money set aside for retirement. Others were already facing a financial crisis before the latest turn of events made things much worse. In addition to feeling the impact in their bank accounts, some people have seen their physical, mental, or emotional health decline.

Many people consider themselves victims of the recent recession because they lost a home, job, or money set aside for retirement. Others were already facing a financial crisis before the latest turn of events made things much worse. In addition to feeling the impact in their bank accounts, some people have seen their physical, mental, or emotional health decline.

According to recent estimates from the Financial Reserve, household debt is approximately $13.7 trillion, an amazing 125 percent of annual post-tax income. In 2008 alone, Americans saw their household net worth decline by $11 trillion. Unemployment still hovers near ten percent, with millions of people facing the end of their unemployment insurance benefits. Financial instability can cause individuals to experience adverse reactions in terms of health.

Situations like these lead to physical health conditions such as increased blood pressure, ulcers, headaches, and backaches. Individuals also may experience anxiety and depression when faced with a bleak financial future. Though the economy seems to be recovering, debt levels continue to rise as savings and income streams dwindle. The financial pain remains long after the plunge into economic recession.

Anyone who has become a slave to debt should now declare war. Consumers can follow proven programs that encourage smart spending and teach them how to quickly rid themselves of debt without the need to earn more money. Over the years, thousands of people have followed the guidelines, paying off debt totaling in the millions.

Research reveals that approximately ten to 16 million of us are victims of our debts. Some results of this are obvious, while the health consequences may not be. To keep our health intact, we need to free ourselves from the debt beast and begin living debt-free. Both our budgets and our bodies will thank us for the improvement in finances and we can begin experiencing life as we should.