West Palm Beach bankruptcy lawyers

Can the Credit Crunch Cause Physical Pain?

Psychology has shown over the past few years that certain forms of stress can manifest into physical illness. For this reason, there has been a shift in the American mindset. More and more people are changing their lifestyles in order to reduce stress and improve vitality. Maintaining that lifestyle has become increasingly difficult, as the United States economy is experiencing tough times at the moment.

A press poll took a different approach to this issue and tried to find a correlation between both the current credit-debt crunch and stress-induced physical illness. The poll found that 44% of individuals have been experiencing frequent migraine headaches, 29% have severe anxiety, and 23% suffered from severe depression. Half of the poll individuals say that they have had some form of muscle tension or back pain.

Experts believe that the financial situation of many Americans has contributed greatly to the psychological stress of its citizens. It his manifested into emotional instability, resulting in severe anxiety and depression as well as physical symptoms such as muscle pain. While there is certainly an end in sight, the road seems long and tough.

Americans have managed to generate close to $1 trillion in consumer debt, according to the Federal Reserve. Most of the debt is in the form of credit cards. As these individuals try to pay back what they borrowed, there is less money to go around for essentials and luxuries, which increases the pain for many of America’s small businesses.

Experts believe that the first step to recovery is a lifestyle change that focuses on health and developing a workable debt-management plan. The credit crunch has caused many Americans to go into bankruptcy, if you would like to explore your options, contact the West Palm Beach bankruptcy lawyers of Eric N. Klein & Associates at 561-353-2800.