Having financial debt impaired psychological functioning and decision-making whereas debt reduction improved psychological and cognitive function.

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Having financial debt impaired psychological functioning and decision-making whereas debt reduction improved psychological and cognitive function. policy news.nus.edu.sg
submitted over 4 years ago by rhonda

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Having financial debt impaired psychological functioning and decision-making whereas debt reduction improved psychological and cognitive function and enabled better decision-making.

This was a study involving low-income individuals chronically in debt and confirms that being chronically in debt impairs psychological functioning and decision-making.

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