Stress caused by factors such as finances has been shown to negatively impact psychological well being.
Low levels of financial stress are associated with greater level of well being and lower level of stress. Bergemean &
Wallace (1999) conducted a study based on two separate telephone surveys involving a total of 1,036 Ohioans found
that people who reported higher levels of stress about their debt showed higher levels of physical impairment and
also reported worse health than those with lower levels of debt. In addition, people with a higher proportion of their
income tied up in credit card debt also showed higher levels of physical impairment (www.sciencedaily.com)
Financial debt also created marital problems to couples, as it was associated to increased levels of conflicts,
stress, and marital pressure, which reduce the level of marital satisfaction or fulfilment. Such financial complexities
are frequently noted as one of the major reason for couples engaging in divorce (http://ivythesis.typead.com).