Financial Debt Predicts Poor Mental Health Outcomes
A new study finds that difficulty repaying debt is associated with increased instances of common mental disorders.
A new study published
in Administration and Policy in Mental Health and Mental Health Services Research explores the two-way relationship between debt and common mental disorders (CMDs). On examining Netherlands’ adult population, the authors found the more difficult a debt was to pay off, the higher the likelihood of onset of CMDs.
The study was led by Margreet Ten Have of The Netherland Institute of Mental Health and Addiction. The authors write:
“Increasing levels of difficulty in repaying debts predicted onset of CMD at follow-up in those without 12-month CMD at baseline and persistence of CMD at follow-up in those with 12-month CMD at baseline.”
How The Vanderbilt Family Lost Their Entire Fortune
By Therese Nguyen/Dec. 28, 2020 11:01 am EDT/Updated: Jan. 29, 2021 9:54 am EDT
In the late 19th century, social and technological changes allowed thousands of families to get ridiculously rich and prosper in a period called the Gilded Age, as described by Time. It was an era where flaunting your wealth publicly was all the rage, even in the face of income inequality as millions of other Americans struggled day to day. The Gilded Age was when many of the infamously wealthy families got their start, from the Rockefellers to the Carnegies to the Vanderbilts (via ThoughtCo). But while their legacy is still recognizable today, with their names plastered on universities and cultural landmarks, for many, their fortune has been gone for some time now.