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Painful Debt: How Credit Card Bills Can Hurt Your Health (Forbes)

It’s easy to quantify the pain that high levels of debt can cause to one’s finances by either looking at the opportunity cost or the squeeze on the ability to pay day-to-day expenses. But causing pain to the actual body? According to new research, the ache you may feel or the stiffness after work may also relate to the amount of debt you have. Researchers evaluated Baby Boomers as they aged, starting from 28-to-40 and then checking them again at 50 years old. They separated the group into the levels of unsecured debt, like the debt you take on by owing on credit cards or taking out payday loans. The results found a significantly higher rate of physical pain among those with high unsecured debt, when compared to those without debt. “Both debt and chronic pain can accumulate over time, so this cycle is hard to reverse once it starts,” said...

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