Being a Debtor Leads to Depression

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According to the researchers from the University of Nottingham (UK), mortgages and loans effect the emotional well-being of a person in a bad way. The scientists rely on the analysis of the information about the material and mental state of about 10,000 British people between 1991 and 2008. All the participants were asked about money, insomnia, self-confidence and their ability to concentrate.

Stressed Woman Chewing Her Laptop

It turned out that those who had some difficulty in paying their loan obligations often suffered from hopelessness, anxiety, worthlessness, and had troubled sleep. Every fifth debtor, who could not make another payment in time, suffered from depression. This could be applied to those who had been froced to deal with a mortgage – the prospect of long-term financial debts depressed the performance of their psychic.