Debt stress can have significant impact

Wed, 18 Apr 2012

Stress issues associated with problems can have a significant impact on a person's wellbeing, both from a mental and physical perspective.

Kim Stephenson - occupational psychologist and author of Taming the Pound: Making Money Your Servant, Not Your Master - suggested people who worry about their financial situation may be more prone to depression and minor illnesses, as well as being increasingly likely to endure difficulties eating and sleeping.

Mr Stephenson explained these problems can build up and lead to serious illness as a result of a person's immune system being unable to function properly.

He noted individuals suffering from the economic downturn should give extra thought to the goods they really need to buy, adding: "Materialistic attitudes, always wanting more stuff, actually make you unhappier. You might become the richest person in the graveyard, but you'll have a miserable life."

Prioritising spending might therefore prove one way in which people are able to reduce the levels of they feel and enable them to think about the important aspects of life that cost them nothing to enjoy.
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