The Emotional Burden of Debt

The Emotional Burden of Debt

It was 5:45 am one weekday morning this July when everything stopped for a New York couple.


That July morning this couple decided to jump to their death from the 9th floor of a Midtown Manhattan building where they worked.


They were in their 50s with two beautiful college-age kids and owned a successful medical practice in the heart of the city. On the outside, their life looked perfect.


Why did they jump?


The couple left a suicide note that provided clues.


The first line in the note said: “We had a wonderful life”. But it continued to say that they “cannot live with their financial reality”. It was discovered that they had hundreds of thousands of dollars in debt and owed additional thousands in federal taxes.


Depression as result of debt is a serious problem


Debt can feel like an emotional burden. And if you have thousands of dollars in debt, it can feel like a weight that you can’t shake.


Anger will turn into frustration. Frustration will turn into disappointment. Then, disappointment will eventually turn into depression. Depression, if left unchecked, can lead to a host of physical and mental issues, even death.

Debt has a way of adding emotional pressure on an already stress-filled life. Know that there are people and resources to help you get through any financial situation. There is always hope.


Coming from a Christian perspective, I believe that life should be done in community; not alone. If you ever feel overwhelmed by your debt. Talk to someone. Invite others into your life. People will listen and help you. I am sure that you have a friend who knows a friend who knows how to help you through financial matters.


There is always a way forward.


And if you are in community and you see a friend behaving funny…

Like we New Yorkers say;


If you see something, say something.


People don’t have to struggle through their financial problems alone and you may see something in them that they themselves don’t see. Check on them. See how they are doing.


Here are 6 symptoms of depression you should watch out for, in yourself and others:

  1. You are eating less
  2. You are sleeping less
  3. Small things agitate you
  4. Struggle with focusing on daily tasks
  5. You don’t enjoy the things you always enjoyed
  6. You isolate yourself from friends and family


This Past September was Suicide Awareness Month and many of my fellow finance bloggers weighed in on the topic.


See the great posts from the following bloggers on the issue of Debt and Depression:



“Depression can happen to anyone. It is one of the most common worldwide mental health conditions, and it does not discriminate.”


Amy @ Life Zimplifed : Mental Wellbeing & Healthy Finances



“Debt doesn’t change who anyone is – if anything – it can accentuate the best in us and the best in others especially when we fight it together as a group.”


Lily @ The Frugal Gene : Debt & Suicide



“If you’re the one facing these feelings, it can feel like you’re on an island.  Like everyone else has it all figured out, and no one wants to hear your story.  But that’s just not true.  If you’re facing depression or thoughts of suicide, seek help.”


Kyle @ Steward & Slave : Every Life is Precious


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