Why do people with depression fall into debt more often?

Depression is a condition that many people around the world are struggling with, although many of them are unaware of it – especially when it is caused by debts. It is a disease that often has a large impact on our daily lives, even though we do not know that we are suffering from it.

Often, one of the effects of depression is indebtedness to buy material goods that only temporarily improve your mood.


What is depression?

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It is a mental illness, it mainly manifests itself in:

  • lack of satisfaction even with successes,
  • dejectedly,
  • loss of interest,
  • loss of life or joy
  • reduced activity.

It is difficult to detect because not everyone is aware that these symptoms are just depression.

The latest CBOS research shows that in Poland, depression has been diagnosed in 10% of people, of whom about 3% are still struggling with it. It is estimated that up to 300 million may suffer from it worldwide. people. Untreated, it can end tragically.


You don’t talk about it loudly

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Although so many people suffer from depression, it is still a taboo subject. While it is normal that when we are cold we go to the GP, a visit to a psychiatrist or psychologist is still embarrassing and embarrassing for many. The effect of this approach is often deplorable. A sick person is not aware of the seriousness of the disease, which is depression, which, if left untreated, gets worse over time. We often do not notice that in our immediate environment there is a person suffering from depression, who belittles the symptoms and explains them, eg to a temporary bad financial situation. Unfortunately, to get out of depression, it must be properly treated.


Causes and effects of depression

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The causes can be many, usually related to some sphere of our lives, from the financial to the sphere of relationships. People who declare depression often poorly assess their financial situation, which may result in excessive debt. The latest analysis carried out by the charity organization Money and Mental Health Policy Institute confirms that mental disorders such as depression may lead to debt. The risk is up to half and three times higher than in people without such disorders. The reason may be already widespread consumerism, through which sick people try to improve their mood with material goods.


On one occasion it doesn’t stop

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Depression, unfortunately, likes to convert. The probability of relapse is 50 to 80 percent. And in 10-20 percent of cases it is even chronic. The risk of relapse increases with every relapse.

Depression is a condition that is facing a dreadful number of people these days. However, it should be remembered that we must not underestimate its symptoms, it is a disease and it should be treated. A visit to the right specialist is not embarrassing but merely proves that we care about both our physical and mental health.


Depression and debts

Our clients know how important it is not to be alone in a difficult period of struggle with debts. This is the first thing they state after joining the debt recovery program. That they finally began to see the world in different colors because they have a protector who supports them. And that they finally do not feel lonely in the fight against debt.