There are a lot of things in life that can affect one’s mental health. Numerous people may not really think about it, but debt is one of those things. When money is tight, when creditors are calling, when it seems like there is no relief in sight, it can all take a toll on one’s mental well-being. The results of a new study regarding this topic were just recently released, and the findings may be of interest to some Illinois residents.

The Social Service Research Centre, which is located at the National University of Singapore, decided to look at how reducing debt would improve a person’s mental burden. Many people contribute debt to personal failings, but the simple truth is, so many things can cause a person to fall into debt and stay there. The problem with debt is that most people with it struggle to motivate themselves to get out of it. Why? Being in debt, according to the study, lowers a person’s ability to make good decisions; it also has been shown to impair psychological functioning.

For the study, a total of 196 people who were chronically in debt were placed in a program to help them improve their financial situations. At the beginning and end of the program, researchers had them take surveys that measured their cognitive functioning, decision-making ability and anxiety levels. By the end of the study, which lasted three months, survey results showed that those who started with the most debt saw the most cognitive and psychological improvements. Why? People who are not chronically in debt think about it different than those who are — they are able to think about different ways to improve their situations, where those who are chronically in debt become so stressed about it that they most often cannot find positive debt relief solutions without help.

Numerous Illinois residents are in debt and struggle to find ways to get out of it. Some of them end up making decisions that worsen their situations rather than improve them. When it comes to debt, there are a number of ways to deal with it, but not all of them are considered equal, nor are certain options good for everyone. A bankruptcy law attorney can look at the details of one’s situation and provide relief options that will actually be of benefit.