Psychology
4 years ago

Over-indebtedness linked to lower well-being, health, and sleep quality.

Frontiers in Psychology
On the Relation Between Over-Indebtedness and Well-Being: An Analysis of the Mechanisms Influencing Health, Sleep, Life Satisfaction, and Emotional Well-Being
Mário B. Ferreira, Filipa de Almeida, Jerônimo C. Soro, Márcia Maurer Herter, Diego Costa Pinto, Carla Sofia Silva

Paper Summary

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The article explores how being in debt can affect our happiness and well-being. It shows that people who are over-indebted tend to have lower life satisfaction and emotional well-being, as well as poorer health and sleep quality. Feeling like you have less control over your finances can impact how happy you feel. Financial well-being also plays a role in how satisfied you are with your life. This study helps us understand how debt can affect our overall well-being, health, and sleep quality.