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ReadersSpeak

We surveyed 1,063 people about their accumulated debt,
lifestyle, and spending and saving habits. From our
survey, we were able to gain insights into which forms of
debt were most detrimental to peoples’ mental health, as
well as the type of mental health issues most associated
with debt accumulation.
We also discovered which generation is most affected by
outstanding debt, how they are attempting to pay it down,
and how paying off their debt (or not) affects their quality
of life. It's no surprise that home loans have the highest
approximate average outstanding balance ($77,000) with
The emotional weight of debt the lowest annual interest rates; credit cards have the
M aira Salcedo of Innerbody Research sent us average balance ($7,660). Feel free to check out the study
highest annual interest rates with the lowest outstanding

the following about the effects of debt on
here: www.innerbody.com/how-different-forms-of-debt-affect-
mental health:
our-mental-health."
"I came across a news article of yours, "$1 trillion credit card Good versus bad debt
debt looming, Wallet Hub says," at "www.greensheet.com/
breakingnews.php?article_id=1962," where you discussed the Is debt a topic that comes up when you are interacting with
merchants and other small business clients that accept
potential effects on consumers of an anticipated rate hike
by the Federal Reserve, data on rising consumer credit payments? If so, have you been able to offer useful advice
and resources? Please weigh in on this or other topics of
card debt, and scenarios when credit card debt can be a
plus. I thought that you might be interested in our study interest at greensheet@greensheet.com.
on the effect debt has on mental health.

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David Daily
Zach Daily CEO & Founder Alex Daily
Business Development Business Development
Denise Shomo Katelyn Schickling
President Business Development
Contact us today for a complementary portfolio valuation

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+1.610.451.4096
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