The topic of personal debt has always been a significant point of discussion in America. Leaving mortgages aside, the average American bears a financial burden of around $38,953 in debt. This financial commitment often leads to substantial stress for many, while a select few manage to navigate their liabilities strategically, thanks to their robust repayment plans. But one question that has intrigued many is - how much debt exactly tips people over the edge? At what point does the burden become so significant that it starts to induce anxiety?
The relationship between high-stress levels and deteriorating health has been explored in several studies. However, one might argue that worry does serve a crucial role in personal finance; the stress of debt often acts as a deterrent, preventing peo