Source: Mac Slavo
Americans have become increasingly dependent on debt while at the same time suffering from record high rates of chronic depression. But they probably have a lot to do with each other – perhaps more than we originally thought.
In 2018, 36% of Americans admitted to losing sleep over money concerns. That number feels low, as 78% of Americans live paycheck to paycheck with only a handful of those having any kind of emergency fund in place to protect them from a job loss or recession. And a recent analysis says that people who suffer from mental health issues are three-and-a-half times more likely to be in “problem debt” than those without such conditions, analysis suggests.
This link between poor mental health and poor financial health was even stronger for certain conditions such as bipolar disorder and depression, the Money and Mental Health Policy Institute said, according to…
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