Debt problems – Blue Monday
25/01/2011Yesterday was being called Blue Monday by the British press, during which difficult issues like debt problems are statistically said to make the public feel more depressed than any other day of the year.
Psychologist Cliff Arnall originally came up with an equation designed to find the most depressing day of the year.
The formula takes into account the weather, debt problems, monthly salary, the time since Christmas, the time since failing our new year resolutions, and low motivational levels – and was found to be the fourth Monday of January.
Dr Steve Eccles, a clinical psychologist quoted in regional newspaper the Manchester Evening News, says Christmas itself can be a big source of stress.
He says: "People try to create the perfect Christmas by spending lots of money and going into debt."
Mr Eccles also says unemployment can play its part in making this time especially miserable.
He says: "If people have not got cash, they can become very isolated, and that feeds into things like agoraphobia or more general anxieties."
Debt management expert Kevin Still says ""Debt worries will be one of the main causes of concern on ‘Blue Monday' as credit card statements hit the doormat after the festive season and the realisation that December salary payment will not stretch to next payday at the end of January.
This should be a prompt for those with serious debt problems to seek debt advice." 
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