By Maura Attardi
Engagement Insider

Debt might seem like an abstract number, but studies have shown time and time again that your debt is more than just a number on a credit card statement.  Debt can have profound effects on how you feel, both physically and emotionally.

A study by the American Psychological Association found that money was respondents’ top source of stress. MetLife’s Ninth Annual Study of Employee Benefits Trends found that employees who are in negative financial situations are more likely to report worse health than their counterparts who aren’t similarly stressed. In addition, an Associated Press/AOL poll of people comparing those with high debt stress to those who had low debt stress found the following: 

• Twenty-seven percent with high debt stress had ulcers or digestive tract problems, compared with eight percent with low debt stress.
• Forty-four percent with high debt stress had headaches or migraines, compared with four percent with low debt stress.
• Twenty-three percent with high debt stress felt they were suffering from depression, compared with four percent with low debt stress.
• The heart attack rate of those with high debt stress was double that of those with low debt stress.
• Sixty-five percent more people with high debt stress suffered from muscle tension or lower back pain than those with low debt stress.

In addition, those with high debt stress were much more likely to have trouble concentrating and sleeping. They were also prone to getting upset without reason, which can manifest itself in any situation.

If you’re struggling with mounting debt you don’t have to go it alone.  A trained credit counselor can help you assess your financial situation and provide the best solution to your problems.  MMI’s counselors are available 24 hours a day, 7 days a week if you ever need assistance or guidance with mounting debt.

For more information visit Money Management International.