Depression and Debt Linked

Does credit card debt lead to depression?

Excerpt:

Credit cards can carry more than high interest rates—they actually might increase your chances of depression. It's common sense that high levels of debt can stress you out. Now researchers have found a statistically significant link between short-term household debt, such as credit card debt and overdue bills, and increases in symptoms of depression. The link between depression and debt was strongest among unmarried people, people near retirement and those who are less educated, according to the new study by researchers at the University of Wisconsin-Madison. The study also found that, on average, people's depressive symptoms tend to increase as their short-term debt rises. "Our results suggest that taking on unsecured debt may adversely influence psychological well-being," said Lawrence Berger, the study's lead author and director of the University of Wisconsin-Madison's Institute for Research on Poverty.

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  by  SalFalko

Sliding down a U-shaped level of happiness

Middle-age is truly depressing, study finds

Excerpt:

Middle age is truly miserable, according to a study using data from 80 countries showing that depression is most common among men and women in their forties.

The British and U.S. researchers found that happiness for people ranging from Albania to Zimbabwe follows a U-shaped curve where life begins cheerful before turning tough during middle age and then returning to the joys of youth in the golden years.

Previous studies have shown that psychological well-being remained flat throughout life but the new findings to be published in the journal Social Science & Medicine suggest we are in for a topsy-turvy emotional ride.

"In a remarkably regular way throughout the world people slide down a U-shaped level of happiness and mental health throughout their lives," Andrew Oswald at Britain's Warwick University, who co-led the study, said on Tuesday.

The researchers analyzed data on depression, anxiety levels and general mental health and well-being taken from some 2 million people in 80 countries.


Comment: The answer is "joy". And the source is Christ! Romans 15:13, "Now may the God of hope fill you with all joy and peace in believing, that you may abound in hope by the power of the Holy Spirit." On a personal note ... I missed the slide down into depression!