Informative Essay About Debt

Financial debt has gained its popularity for being the most embarrassing subject worldwide. In fact, approximately 75% of USians die with outstanding debt. (Samantha Silberstein, a financial expert, 1). Debt can affect someone's life in a very big manner, since in this world, money is everything, without it an individual’s life could be completely ruined without any support. This is why people should speak about what is going on with their finances and feel free to talk to trusted people about the subject.

 If someone's income and financial issues are rough, their social ranking and lives are critically affected by that. Sociologists agreed that education, income, and occupation levels, affect many individuals in the community by shaping their lives and opportunities. In fact, poor families have fewer resources or access to resources and opportunities, and often dwell in place that are less desirable and unhabitable. (Reuters, 5). In consequence, these can lead to the deterioration of a person's mental state and becoming more insecure about the matter of finance and debt. A person can be really affected by their mental stability especially if it's critical and not vending out. Withholding the talk of debt and the fact that you are in a financial struggle can really affect your relationship with other people; “Being withholding about money is a form of loss of intimacy,” says Alabama Daniel Crosby, head of IncBlot Organizational Psychology in Huntsville (Crosby, 21).  For instance, APA's latest Stress in America survey found that 72% of Americans reported feeling stressed about money (American Psychological Association, 1). Thus, a high amount of stress can seriously endanger someone’s everyday life and even cause depression in some cases.

Talking about debt can give you solutions on how to end it. When the money topic pops up, most people either don't respond to it or just change the subject. Reasons why that happens is that people are insecure about their income, have no idea how much they make or just don't feel like talking about money in general and see it as a sensitive subject. On the contrary, the head of IncBlot claims that individuals having hard conversations about their economic status should be upfront about the difficulty and discomfort. This is mainly because it can disclose potential solution to the problem when discussing about the issue (Reuters, 16).

Money shouldn’t be an easy-going topic that just about anyone can talk about. Although in some cases it is beneficial to talk about it, individuals still shouldn't be used to it and do it freely at any time. It's necessary to let out what's on your mind every once in a while, but people should stay as discreet as possible depending on the person they are talking to. For example, money talk is mostly taboo in the US, people feel embarrassed and uncomfortable to talk about their money when their socio-economic status is dwindling (making sense of cents, 19). Hence, they should not talk about it when it makes them feel too bad about themselves. Moreover, sometimes talking about money will make them feel that this topic is critical for their life and social relations. In fact, money will not buy love (reference). Thus, vending about financial crisis might open wounds that were not there from the first place.

In conclusion, individuals that stays silent about their debt and financial crisis could end up in a mental disturbing situation and might never find a solution to their circling situation. However, some groups of people are concerned about talking to other people about their money; hence, talking about money should be limited and only restricted to those who feel comfortable talking about to avoid any extreme pressure. In general, people should start talking about their money more freely and ignore the fact that it should be "taboo", since evidence found that talking about money matters since it will benefit mentally someone who needed to talk about their financial crisis.