Debt Induced Stress And Its Risks - 1157 Words

Debt induced stress significantly decreases the psychological functioning of students and has been found to accompany individuals long past the term of their scholastic career. Recently, student loans have been a deciding factor in the choice of career path of students. Free higher education is being gradually introduced around the world, primarily in northern European nations. A few of these countries extend monthly study allowances to citizens furthering their education. Globally, increasing amounts of individuals are undertaking higher education programs to ensure future career stability. Students are one of the best resources any nation could choose to invest in. In order to bolster psychological functioning of students by the time they join the workforce, the government should step in to unload the stress of high tuition for higher education students. With hopes of securing jobs, an increasing number of individuals are furthering their education; even encumbering themselves with debt to do so. In her article â€Å"Education and Its Risks†, Sherry Law while commenting on people in the sample, who were in self-claimed unstable employment stated, â€Å"Individuals who believe they are on a path to better employment were willing to compromise their health for their future† (17). That is to say that students would put their faith and take great risks at the hope for a vastly better future. Student loans allows for a wider range of individuals to afford their education, however theShow MoreRelatedCollege Pressures By William Zinsser939 Words   |  4 PagesZinsser discusses are economic, parental, peer, and self-induced. Today’s college students are becoming more and more disconnected with their passions and are being thrown into the world of practicality. College should be a place of experimentation and discovery, but instead it’s turned into feelings of stress and fear. students are becoming overwhelmed and stressed with the same â€Å"economic pressure, parental pressure, peer pressure and self-induced pressure† Zinsser speaks of in his essay. College studentsRead MoreHow Gambling Should Be Made Illegal1590 Words   |  7 Pagesan addiction is the wanting of more and more and they will not stop until they get it. This leads to all sorts of problems within the minds, body and soul. Stress is one factor that is released due to the financial and social thrust made by problem gambling. Statistics showed that 42% of problem gamblers reported a high or extreme level of stress in their life, compared with 23% of non-problem gamblers (Marshall Wynne). Also, based on a number of psychological distress questions, 29% of problem gamblersRead MoreHuman Trafficking Is A Problem Within The U.s. Essay1617 Words   |  7 PagesBonded labor, or debt bondage, is probably the tiniest known form of labor trafficking today, and yet it is the most commonly used method of enslaving people. Victims become bonded when the ir labor, the labor they themselves hired and the palpable goods they bought are necessitated as a means of settlement for a loan or service in which its relations and circumstances have not been defined or in which the value of the victims services is not applied toward the insolvency of the debt. Generally, theRead MoreFinancial Crisis : Fiscal Crisis1542 Words   |  7 PagesFinancial Crisis: 2008-2009 In early 2000s, most private and public budgets in the U.S. were funded through local and sovereign debts. In this regard, staggering mortgage industry, weak fiscal policies, and unscrupulous financial investors principally contributed to the 2008-2009 financial crises. Due to surging inflation and accumulated interests, most borrowers failed to payback their loans due to continued bankruptcy. Consequently, interest rates in various countries were adjusted to balance theRead MoreA Short Note On Fernandopulle s Work Of Uninsured1361 Words   |  6 Pagesa number of wellness centers, health care providers, and policy makers. Interviewee’s situations were highlighted as they describe their personal gravitational pull into death spirals as their diseases and conditions were left untreated, and their debt accumulated due to a deprivation of health insurance. The authors directly denunciate the development of the caste of the ill, infirm, and marginally employed to employment and health insurance. The authors state that, â€Å"the current American systemRead MoreDeviant Behavior : Social, Psychological, And Philosophical Perspective1521 Words   |  7 PagesThere is another more sinister side to why individuals turn to prostitution, and that is by means of force/coercion. Individuals may be trafficked or abducted and forced to work as prostitutes in order to stay alive, gain citizenship or even pay debts (Deshpande and Nour 2013). In the legal realm, prostitution has a long and rich history particularly in the United States. Originally, governments around the world attempted to regulate rather than criminalize prostitution and brothels as a way toRead MoreThe Effects Of Credit Driven Bubble On The Great Depression1200 Words   |  5 Pagesinstitutions become more willing to accept these assets as collateral. This feedback loop can induce a decline in lending standards as lenders believe borrowers will be able to rely on further appreciations to repay debts. A fall in prices reverses the loop, causing substantial financial stress. The most renowned example of a credit-driven bubble occurred in US stock and real-estate markets in the 1920’s. The bursting of the bubble in 1929 caused the Great Depression, triggering widespread bank failuresRead MoreTheoretical Perspectives On Asset Price Bubbles1520 Words   |  7 Pagesare generally accompanied by credit growth. The use of debt limits the potential los ses for an investor when prices decline, and instead these are passed to lenders. However, when asset prices are increasing, investors benefit wholly from the appreciation. Consequently, investors are attracted to overpriced assets, as they aim to ride the bubble, buying when prices are rising with a view to sell when prices peak. Leveraging limits downside risk, hence creating a preference for risky assets. FinallyRead MoreThe Tool Of A Screening Tool1545 Words   |  7 Pagesdifficult to develop or maintain good mental health. Social issues such as debt, unemployment, family breakdown, lack of accommodation or appropriate accommodation can have long lasting and reverberating effects on a person’s mental health. According to Homeless Link, a national membership charity for organisations who work directly with the homeless in England, homeless people are likely to experience high levels of anxiety, stress and other signs of poor mental health. The percentage of homeless peopleRead MoreBad Decisions, Sad Lives1309 Words   |  6 PagesStatistics of addiction induced deaths, and psychological illnesses such as anxiety and depression are at an all-time high among adolescents in this generation. Dr. Nora D Volkow, director of the National Institute On Drug Abuse reports that unintentional overdose deaths involving opioid pain relievers have quadrupled since 1999, and by 2007, outnumbered those involving heroin and cocaine. Studies have shown that individuals who begin using drugs as juveniles are at greater risk of becoming addicted