Negative Side Effects of Debt

Negative Side Effects of Debt

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  • I just got my first credit card!
  • I have so much room on my new card, I'm going to go shopping.
  • One month later
  • I have $1,000 in debt! How could this happen?
  • She must've had that stroke because of her credit card debt.
  • Stress is one of the biggest side effects of debt. According to a study by APA, 64% of graduate students said that their concern over debt interferes with their optimal functioning. People dealing with debt are more likely to have health problems such as stress, anxiety, and depression. According to a professor of psychology at SFSU, stress that comes from debt can remove all happiness you get from spending money.
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