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Blog

Excessive debt can hurt your health

Posted on September 5, 2013 by Ken Steidl

Are you sick of being in debt? It turns out there’s a very good chance that being in debt may have something to do with how you are feeling physically and emotionally.

There was an eye-catching article recently in the Pittsburgh Post-Gazette indicating that excessive debt could be hazardous to your health. The article focused on people between the ages of 20 and 30 who have amassed huge amount of debt related to student loans, charge cards, car loans, mortgages and rent payments. According to the report, people in this age group were prime candidates for excessive stress which could lead to heart attack, stroke, depression, ulcers, and, at the very least, sleepless nights.

Not only does excessive debt adversely affect your ability to build a financial future, but it can also take quite a physical and mental toll. We would go further than just people between 20 and 30, to indicate this can happen to people in their thirties and forties when children come along and they are so expensive to raise. It can further happen to people in their fifties and sixties who may lose a job and not be able to find another job at the same pay scale. It can happen to people in their seventies and eighties who still have a mortgage on their house and huge medical expenses on an ongoing basis.

If you feel you may have excessive debt, rather than have it ruin your marriage, ruin your health, and ruin your retirement, why not give us a call at 800-360-9392? Schedule a free consultation with us, and let us review the various options that you have. Your health and physical and mental wellbeing are more important that the effects of excessive debt. Let us help you!

 

 

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