Thompson Law Group, P.C.

Credit card debt is making us sick

Debt is relatively common, and unfortunately, it is taking a toll on many people in Pennsylvania. From monthly bills to harassing phone calls from creditors, it is difficult to escape the constant worry over money. Often, the focus shifts to deciding what to do about it. According to one wellness expert, all that debt -- including credit card debt -- is making people sick.

Adults in America cite finances as their largest source of stress. Feeling anxious over money might keep some people up at night and could be making many others sick. Deepak Chopra is a wellness expert who says that stressing out over finances can cause an increase in blood pressure. Not only that, but financial stress can also cause migraines, heart disease, digestive problems and more.

A large source of all that money stress could be related to credit card debt. Young adults are starting to use credit cards more frequently than they did in the past. In 2012, only 41% of adults between 20 and 29 years old had credit cards. As of 2019, 52% of people in that age group have credit cards. American consumers were listed as being $4 trillion in debt back in July 2019.

Credit card debt is not the only problem, as many workers in Pennsylvania are struggling to save money while earning low wages. When these problems are compounded with more and more debt, it might be time to take action. Although filing for bankruptcy might seem scary, it can actually relieve a lot of money stress and help people repair the relationships with their finances.

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