Suicide and Depression Due To Debt
Severe debt can cause depression and even suicide
Some just can’t seem to find a way out
By Emily Starbuck Gerson
Getting depressed over an increased debt load is normal, experts say. Typically the situation is temporary and as the debt lightens, so does the depression. There are those, however, who don’t see a way out of their financial mess and become so despondent they contemplate or attempt suicide.
Today’s economic climate is enough to depress anyone:
A record 272,171 homes foreclosed in July 2008 alone.
Over the past year, the number of unemployed people increased by 1.6 million — bringing the number of total unemployed to 8.8 million.
79 million people are struggling to pay medical debt.
The average college student graduates with nearly $20,000 in debt.
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