When an individual's debt becomes overwhelming, everyday decision making can be affected by that reality. People struggling with debt may have less active social lives because they are trying to avoid spending money out on the town. College students may consciously try to eat every meal in the cafeteria in order to avoid food costs not associated with pre-paid meal plans. And, as a recent study confirms, people navigating debt challenges including medical bills and credit card debt are more likely to forego or delay necessary medical care.
The study was conducted by experts at the University of Michigan and recently published in the Journal of Health and Social Behavior. The authors of the study determined that it is urgent debt that affects an individual's response to seeking necessary medical care. Individuals with substantial mortgage or student loan debt that is not immediately due forego or delay necessary health care less often than those with urgent credit card and medical debt.