Credit Cards, Overdue Household Bills May Increase Depressive Symptoms

The link between short-term debt and depression was strong among unmarried people, people reaching retirement age and those who are less well educated.

Short-term household debts such as credit cards and overdue bills, could increase the risk of depression in some people, says a new study. The findings may lead to changes in lending practices and provide new insights for mental health practitioners.

"New debt contracts could be offered to vulnerable borrowers and the population sectors we identified could be targeted with help in building their financial capacity. The findings could also be used to help mental health practitioners better understand the impact of clients’ borrowing habits on depression. " said Lawrence Berger of the University of Wisconsin-Madison.

Depression - Types, Causes, Symptoms, Diagnosis, Treatment
Depression is one of the most common mental disorders affecting approximately 340 million people in the world. No one is immune from depression - it occurs in people of all social classes, all countries and all cultural settings.

The link between such short term debt and depression is particularly strong among unmarried people, people reaching retirement age and those who are less well educated.

The study was carried out on around 8,500 working-age adults. The data were collected from two waves of the National Survey of Families and Households, conducted six years apart and ending in 1994. Around 79% of respondents had some debt.

The future research should include an analysis of whether the effects can be reversed and reducing short-term debt can help alleviate symptoms of depression, suggested the researchers. The results are forthcoming in the Journal of Family and Economic Issues.

Depression Not Caused by Low Levels of Serotonin: David Healy, Psychiatrist
Low levels of serotonin causes depression, is a myth and it co-opted many, including the complementary health market, psychologists, and journals.

Source-Medindia

Mind Training, as Well as Anti-Depressants, Helps to Prevent Relapse of Depression
Mind therapy helps people recognize the onset of depression, and control it. It had a 44% relapse rate, compared to 47% in the anti-depressants group.

Study Reveals Cyberbullying Puts Teens at Risk of Depression, Substance Abuse
A new study has revealed that teenage victims of cyberbullying are more likely to develop symptoms of depression, substance abuse and internet addiction.