The stress of debt is taking a physical and emotional toll on many Canadians. According to this CBC article "Researchers from Montreal and Chicago also published a study reporting that high financial debt relative to available assets is associated with higher perceived stress and depression, worse self-reported general health and higher diastolic blood pressure among young adults across the U.S."

As a follow up to my last post on the connection between debt and stress here is a CBC News article discussing how “researchers document health effects of indebtedness”.

Here is a quote from the article that really struck me and that I think represents how a lot of people feel:

“I would cry,” Zerr said. “The thing is, it is not something you really talk about. I couldn’t call my friends and say, ‘Oh my goodness, I am so worried about this’.… You keep a lot of that in.”

“Zerr said stress caused her to eat more and put on weight, while her husband wouldn’t eat and lost weight.”

If you are feeling stressed by debt it’s time to start talking about it with people you trust, either with loved ones or with a professional such as a licensed trustee in bankruptcy, like myself.

Click here for the article on