StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Effects of Debts on Personal Relationships - Essay Example

Cite this document
Summary
The paper "Effects of Debts on Personal Relationships" believes in most cases, debts put a lot of pressure on relationships making them end early or to have drifted. Psychologists generally consider the aspect of money as the leading cause of relationship problems among people in relationships…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Effects of Debts on Personal Relationships
Read Text Preview

Extract of sample "Effects of Debts on Personal Relationships"

Effects of Debts on Personal Relationships Debts are undeniably one of the most significant factors affecting the quality of relationships among people. In most cases, debts put a lot of pressure on relationships making them to end early or to have drifts. Psychologists generally consider the aspect of money as the leading cause of relationship problems among people in relationships (Wolny 58). As one proverb rightfully puts it ‘‘do not borrow money from a neighbor or a friend, but of a stranger where, paying for it you shall hear of it no more.’’ In most cases, debts tend to create problems among friends. Depending on the debtor’s external conduct, work and friendship relationship tend to suffer. In most cases, debtors tend to feel that their friends or colleagues judge them because of their financial situations and behaviors, which could affect their social interactions qualities. Generally, debts triggers stress and tensions among people and in some cases, it results in constant fights hence creating unsafe environments (Wolny 58). Debts can have impacts personally or professionally. Professionally, debt can affects a worker’s overall work performance in that an individual can become inattentive or limited focus while performing his duties at the work place hence leading to job losses or financial problems (Wolny 59). Debtors usually feel socially controlled because they sometimes cannot afford their necessities, which might be an indirect pressure to them. As a result, this might affect their social standing. Alternatively, debts can influence a person’s behavior. In this case, a person’s self-worth might be affected which would then lead to emotional problems (Wolny 62). The inability of an individual to borrow could eventually lead to social problems. Numerous studies reveal that personal debt levels tend to be associated with related adverse health behaviors and poor psychological behaviors. One of the most common behaviors that might be influenced is stress. Stress remains the biggest mechanism through which debts can affect psychological health. Generally, a person’s stress experience can be related to the reduction of immune system functioning and the release of stress-related hormones. In most cases, they influence a person’s cardiovascular function and blood pressure. In some instances, the problematic personal debts and outcomes that are associated with it such bankruptcy can lead to a person’s decline in psychological health. Alternatively, some studies reveal that debts can lead to depression, suicidal cases and self-harm as some of individual’s behaviors. High levels of debts also tend to be associated with poor general health, depression and anxiety (Wolny 65). However, psychological health and individual’s problematic debts relationship is difficult to establish. Generally, the positive relationship that exists between individual’s problematic debts relationship and psychological health might be explained by unobserved factors and perception bias among individuals. Alternatively, there is the possibility of depression and debt as a two-way causality: an individual’s worry and anxiety caused by the beginning of the problem hence leading to a person’s psychological health decline or suboptimal financial choices (Wolny 73). From the Rayomond carver story, it is quite evident that debt can play a big role in influencing the behavior of a person. The context generally reveals some of the personal issues that exist between Leo and Toni as a result of debts and bankruptcy. The relationship itself turns out problematic and at one point, Toni curses about the situation. It is quite evident that the bankruptcy situation is influencing Toni’s behavior from her body language. At one point, she twists loose, hold on the Leo’s undershirt at the neck before tearing it up as she loudly abuses Leo. ‘‘Bankrupt! ’’ She screams. Their relationship is generally rocky because of the bankruptcy situation. It is quite evident that the social standing of the characters in the context has been affected because of the bankruptcy. Alternatively, the bankruptcy situation has influenced her personal behavior. In this case, Toni feels like her self-worth is affected because of the bankruptcy situation, which then leads to her emotional problems. Her inability to borrow eventually leads to social problems. The bankruptcy situation in this case tends to be associated with related adverse health behaviors and poor psychological behaviors aspects, which Toni displays in the context. It is obvious that she is stressed an aspect which can affect her psychological health. Additionally, the bankruptcy situation seems to impact on her profession as well. Due to her behavioral changes because of the bankruptcy situation, this aspect can have an effect on how she performs at work. The difficulties in the relationship between Toni and Leo because of the bankruptcy situation might go overboard and affect her professionally. Causes of Domestic Violence Either men or women in both same and heterosexual relationship mostly experience domestic violence. Some of the common forms of domestic violence include emotional, physical, verbal and sexual abuse (Kenney, 46). Generally, domestic violence might start when one partner in the marriage feels the need to dominate or control the other party. In most cases, the abusive partner may need to control the other partner in the relationship hence lowering self-esteem, difficulties in regulating emotions and anger, extreme jealousy or the aspect of feeling inferior to the other partner (Kenney 56). In some cases, men tend to have traditional beliefs, which make them think that they must be in control of their partners. Domination over a partner domestically takes various forms including physically, emotionally or through sexual abuse. Most of the causes of domestic violence stem from external issues or environmental factors. Domestic violence is never inherited and nobody is ever born with violence. Instead, external issues such as environmental factors tend to be the leading causes of domestic violence in the society (Kenney 78). Section C We live in a modern world where human beings prefer being noticed in the society through posting daily pictures on the social media, purchasing trendy products and staying flashy so that they can easily be noted. Alternatively, social media has played an important role in helping human beings desire to stay visible and flashy. However, the main question is, how does the desire to stay socially visible affect human beings? Social visibility can be both harmful and advantageous to us. The aspect of social visibility can pose various twists in both private and public distinction, which can make it difficult for people engaging in the aspect. Social visibility can pose a threat especially when women are involved in it. In most cases, it can cause sexual desires among men because of lack of privacy in it. Women engaging in this aspect are vulnerable to danger. On the other hand, social visibility can be positive when it comes to social awareness, making friends and sharing of ideas. Therefore, the impact of social visibility depends with a person’s intentions. Work Cited Kenney, Karen L. Domestic Violence. Edina, Minn: ABDO Pub, 2012. Internet resource. Wolny, Philip. How Debt and Default Affect You. New York: Rosen Pub, 2013. Internet resource. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What effect s can debt have on personal or professional relationships Essay”, n.d.)
What effect s can debt have on personal or professional relationships Essay. Retrieved from https://studentshare.org/english/1639682-what-effect-s-can-debt-have-on-personal-or-professional-relationships-does-this-influence-behavior-construct-an-argument-to-support-your-claim
(What Effect S Can Debt Have on Personal or Professional Relationships Essay)
What Effect S Can Debt Have on Personal or Professional Relationships Essay. https://studentshare.org/english/1639682-what-effect-s-can-debt-have-on-personal-or-professional-relationships-does-this-influence-behavior-construct-an-argument-to-support-your-claim.
“What Effect S Can Debt Have on Personal or Professional Relationships Essay”, n.d. https://studentshare.org/english/1639682-what-effect-s-can-debt-have-on-personal-or-professional-relationships-does-this-influence-behavior-construct-an-argument-to-support-your-claim.
  • Cited: 0 times

CHECK THESE SAMPLES OF Effects of Debts on Personal Relationships

Events form the history which have been influenced by the tax policy issue

Last part contains the personal evaluation that the researcher assessed from these events.... Last part contains the personal evaluation that I assessed from these events.... On the other hand, sometimes taxation can produce adverse effects.... This research will begin with the description of the American evolution and the American civil war....
9 Pages (2250 words) Essay

Modigliani and Millers Advice on Debts Ignored by Companies

Modigliani and miller's advice on debts ignored by companies Professor: University: The theorem by Modigliani and Miller, the Nobel Prize-winning organization regarding capital has drawn numerous reactions from various parties.... Modigliani and Miller stated that the structure of an organization's or company's capital does not matter1....
6 Pages (1500 words) Essay

Understanding the Concepts

The present study focuses on the understanding of different concepts of finance that a small business owner would require in his/her decisions and include topics like NPV, debt financing, risk-return relationships, concept of beta, and systematic and unsystematic risk.... Lastly, personal guarantee might also be required in some cases (Seidman, 2005, pp.... The disadvantages of debt financing lie with the fact that debts have to be cleared even if the firm has undergone any losses in its finances....
4 Pages (1000 words) Essay

Alcoholism and Debt

ullehey and Sidelar are particularly interested in the secondary effects of alcoholism on an individual's earning capacity, aside from the direct health effects so often cited.... A prevailing view on alcoholism is that is has depressant effects on earnings, income, and wages" ... While its negative effects are varied and significant, the research below specifically examines the disorder of alcoholism as it relates to earning, income, socioeconomic status, and debt....
9 Pages (2250 words) Case Study

The Theories Of The Debt

In the recent years, the major economies across the world have seen a resurgence of interest in the area of debt, money and the power and influence of finance in a societal as well as the economic construct.... The essay "The Theories Of The Debt" analyzes Graeber and Lazzarato view of debt.... ... ...
13 Pages (3250 words) Essay

Effects of Debt Bondage on the Transnational Relationships of Human Trafficked Victims

In relation to the high number of debt bondage cases around the world, ways in which debt bondage either affects the transnational relationships of human trafficked victims are tackled in detail in "effects of Debt Bondage on the Transnational Relationships of Human Trafficked Victims" paper.... Prior to the conclusion, recommended ways on how we can minimize the negative effects of debt bondage over the transnational relationships of human trafficked victims will be provided....
6 Pages (1500 words) Research Proposal

Capital Structure of Non-financial Companies in Egypt

This work "Capital Structure of Non-financial Companies in Egypt" describes the impact of the recent financial crisis in Egypt.... The author also outlines the development of foreign investments and multinational firms, companies' profitability in Egypt, the firms' behaviors changed in different ways according to the characteristics of their different environments....
42 Pages (10500 words) Dissertation

The 2008-9 Recession and the Effects It Had on the Economy

The research paper 'The 2008-9 Recession and the effects It Had on the Economy' examines the economic recession from 2008 to 2009, which ate up the government finances rapidly.... It had its major impact in the UK and the USA as compared to the Eurozone.... ... ... ... Considering its effect on the economy from the case study, it can be seen that the GDP growth rate and hence the GDP of the UK, the USA as well as the Eurozone was severely affected in this era....
7 Pages (1750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us