{"id":144490,"date":"2023-05-17T07:47:00","date_gmt":"2023-05-16T16:59:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-are-credit-cards-harming-your-mental-health-a-new-survey-says-yes\/"},"modified":"2023-05-17T07:50:02","modified_gmt":"2023-05-17T11:50:02","slug":"las-tarjetas-de-credito-estan-afectando-su-salud-mental-una-nueva-encuesta-dice-que-si","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/las-tarjetas-de-credito-estan-afectando-su-salud-mental-una-nueva-encuesta-dice-que-si\/","title":{"rendered":"Are Credit Cards Harming Your Mental Health? A New Survey Says Yes"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Collectively, Americans owe nearly <span class=\"xn-money\">$1 trillion<\/span> on credit cards and report their plastic makes them feel &#8220;stressed,&#8221; &#8220;sad,&#8221; and even &#8220;hopeless.&#8221;<\/i><\/p>\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">May 16, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Credit cards are so convenient, many Americans say the temptation to use them \u2013 even when they know better \u2013 is <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=2332108579&amp;u=https%3A%2F%2Fwww.debt.com%2Fresearch%2Fmental-health-money-survey%2F&amp;a=affecting+their+mental+health\" target=\"_blank\" rel=\"nofollow\">affecting their mental health<\/a>.<\/p>\n<p>Debt.com polled over 1,000 Americans to see what role credit cards play in modern-day stress, depression, and overall mental wellness. The results were markedly worse than last year:<\/p>\n<p>In 2022, more than 21% of respondents admitted feeling &#8220;stressed&#8221; after using credit cards. This year, that jumped to almost 34%.<\/p>\n<p>That stress continued when they looked at their credit card bill. In 2022, just looking at their credit card statements stressed out 39%. This year, it rose to 43%.<\/p>\n<p>Last year, just over 3% admitted, &#8220;My significant other and I argue over my credit card spending.&#8221; This year, it rose to over 11%.<\/p>\n<p>Overall, 74% of respondents last year agreed that &#8220;the convenience of credit cards can negatively impact mental health.&#8221; This year, it rose to 78%.<\/p>\n<p>One obvious explanation for these increases is the stubborn and long-lasting inflation that&#8217;s eating into Americans&#8217; income. But there&#8217;s a more subtle and complex reason, says <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=2522313524&amp;u=https%3A%2F%2Fwww.debt.com%2Fauthor%2Fhdvorkin%2F&amp;a=Howard+Dvorkin%2C+CPA+and+chairman\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Howard Dvorkin<\/span>, CPA and chairman<\/a> of Debt.com.<\/p>\n<p>&#8220;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=3620631473&amp;u=https%3A%2F%2Fwww.debt.com%2Fnews%2Fsolutions-to-inflation%2F&amp;a=Inflation\" target=\"_blank\" rel=\"nofollow\">Inflation<\/a> is just a symptom of a widespread disease,&#8221; Dvorkin says. &#8220;Americans have faced one economic crisis after another, and their financial immune system has been so weakened, they&#8217;re using credit cards as a temporary remedy.&#8221;<\/p>\n<p>They&#8217;re also using credit cards to mask social problems. Just over 11% of respondents say they hide credit card spending from their significant other. Another 4% avoid dating entirely due to debt.\u00a0<\/p>\n<p>Many said &#8220;retail therapy&#8221; (impulse shopping to feel better) is their go-to coping mechanism. Nearly 12% buy items they later regret with a credit card every week. For most, it resulted in an average debt of <span class=\"xn-money\">$1,000<\/span> or less. However, the numbers over that amount were concerning:<\/p>\n<ul type=\"disc\">\n<li>16% incurred debts over <span class=\"xn-money\">$1,000<\/span> and up to <span class=\"xn-money\">$5,000<\/span><\/li>\n<li>Nearly 15% had debts over <span class=\"xn-money\">$5,000<\/span> up to <span class=\"xn-money\">$15,000<\/span><\/li>\n<li>2% had debts over <span class=\"xn-money\">$15,000<\/span> up to <span class=\"xn-money\">$20,000<\/span><\/li>\n<li>Nearly 3% incurred debts of over <span class=\"xn-money\">$20,000<\/span><\/li>\n<\/ul>\n<p>Along with mental health, physical health can also deteriorate due to credit card debt. More than 6% of people say they experienced either loss of sleep, appetite, or have low self-esteem due to their credit card bills.<\/p>\n<p>May is Mental Health Awareness Month, and Debt.com president <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=168438543&amp;u=https%3A%2F%2Fwww.debt.com%2Four-story%2F&amp;a=Don+Silvestri\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Don Silvestri<\/span><\/a> is urging Americans to consider their credit cards as a factor in their mental health.<\/p>\n<p>&#8220;Credit card balances are up almost 20% from a year ago, according to TransUnion and they have proven to be not only a financial convenience but an emotional crutch,&#8221; he says. &#8220;When I tell people that their credit cards can be affecting their mental health, they don&#8217;t believe me \u2013 until I pose some of the questions Debt.com does in its annual survey.&#8221;<\/p>\n<p>Both Dvorkin and Silvestri say the easiest way to restore your mental health is by eliminating your credit card debt \u2013 and they both say it&#8217;s relatively easy to do.<\/p>\n<p>&#8220;Thankfully, getting out of <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=3666158400&amp;u=https%3A%2F%2Fwww.debt.com%2Fcredit-card-debt%2F&amp;a=credit+card+debt\" target=\"_blank\" rel=\"nofollow\">credit card debt<\/a> doesn&#8217;t require years of expensive psychotherapy,&#8221; Dvorkin says. &#8220;It starts with a free debt analysis from a certified counselor.&#8221;<\/p>\n<p>About: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3867409-1&amp;h=3575940852&amp;u=http%3A%2F%2Fwww.debt.com%2F&amp;a=Debt.com\" target=\"_blank\" rel=\"nofollow\">Debt.com<\/a> is a resource that offers consumers education, self-help guides, professional solutions, and more. On Debt.com, consumers can find expert money advice\u2013how to make it, how to save it, and how to spend it. They also assist consumers by matching them with the perfect debt-solution company for their situation and making sure they are happy with the results. Debt.com has been featured in the Washington Post, Yahoo! Finance, Forbes, and more, making them a pillar of the debt relief industry.<\/p>\n<p>SOURCE  Debt.com<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Collectively, Americans owe nearly <span class=\"xn-money\">$1 trillion<\/span> on credit cards and report their plastic makes them feel &#8220;stressed,&#8221; &#8220;sad,&#8221; and even &#8220;hopeless.&#8221;<\/i><\/p>\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">May 16, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Credit cards are so convenient, many Americans say the temptation to use them \u2013 even when they know better \u2013 is &lt;a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-144490","post","type-post","status-publish","format-standard","hentry","category-salud"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=144490"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144490\/revisions"}],"predecessor-version":[{"id":144505,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144490\/revisions\/144505"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=144490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=144490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=144490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}