We help you in Consolidating your Debts

You may think that financial problems such as debt only affect your pocketbook, but that isn’t the case, according to a recent poll conducted by AOL and the Associated Press.

Many Americans, especially in this troubled economy, are experiencing something known as Debt Stress Syndrome. Faced with increasing pressure to pay bills, more and more people are succumbing to stress-related illnesses.

Health problems associated with financial stress include high blood pressure, ulcers and digestive-tract problems, migraines, severe anxiety or depression, muscle tension and back pain, and even diabetes and heart attacks.Additionally, those who reported high stress due to economic worries were also much more likely to experience sleep troubles, exhibit an inability to concentrate, and become upset for no apparent reason.

There are approximately 10 million to 16 million people who are suffering terribly due to their debts, and their health is likely to be negatively impacted, states Paul Lavrakas, a research psychologist and Associated Press consultant who studied the AP/AOL survey.

Americans are assuming more debt as the economic downturn continues, bringing with it job losses, record home foreclosures, soaring food and energy expenses, and an all-around increased cost of living. According to the Federal Reserve, consumer debt such as the unsecured debt stemming from skyrocketing credit card usage now totals over $950 billion in the U.S., compared to $800 billion in 2004.

The study found that those most likely to be affected by debt-related stress are middle- and low-income families, single women, couples with small children, and blue-collar workers. Those least likely to be stressed from debt include men, retirees, empty nesters, and college graduates. Democrats are more likely than Republicans to suffer ill effects from financial woes.

During times of chronic stress, the body releases adrenaline and cortisol in a fight or flight response. These biological reactions, which are helpful in emergencies, can be detrimental if the body remains in high gear for a sustained period. Increased cortisol and adrenaline have been blamed for weight gain, rises in blood pressure and heart rate, and problems with memory, digestion, mood, and even immune response.

So what can the average consumer do to combat debt-related stress? Try stress-relief techniques like meditation and physical exercise. Seek help from a therapist, an online forum or message board, or a local support group. Spend time with friends and family, eat right, and get as much rest as possible. You could also consult with professionals such as debt settlement companies or debt negotiation experts. The stress associated with debt may feel overwhelming, but it can be alleviated by sound financial management.

Author
Colleen Myers – Less.com