Your credit card debt could be making you sick

Your credit card debt could be making you sick  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, OCT 23, 2019 YOUR WEALTH Editor's Note Credit card debt is apparently the cause of a great deal of stress for many Americans. That is the conclusion of a recent study from Experian. Color me not shocked. While U.S. adults have racked up of an average of $28,000 in overall personal debt, a leading source of that debt is actually credit card bills. To that point, the average American has three credit cards and carries a balance of about $6,500. I don't know about you, but if I carried that much credit card debt, I would never be able to sleep at night. A recent survey found that consumers were more likely to stress over credit card debt than other major issues, such as climate change, raising their children or stock market volatility. Various studies have concluded that debt woes are directly associated with psychological distress and poor overall health. While I am not a doctor, I can offer a remedy to help alleviate all this stress. It's actually very simple. Never put anything on your credit card that you can't pay for in full when the payment is due. By doing so, you are using your credit cards to live a lifestyle you simply can't afford. It's time to start acting responsibly. Learn to live within your means and just put those credit cards away. For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. CNBC has launched CNBC Select, where we want to help you make informed decisions in choosing the right financial products for your life. Learn more at www.cnbc.com/select to see the high-quality personal finance advice you expect from CNBC, alongside rigorous reviews and comprehensive best-of lists. Jim Pavia @JIMPAVIA Your credit card debt could be making you sick Debt woes are associated with psychological distress and poor overall health, according to a new report. Credit card debt is the most stressful of all. Tips for getting your Medicare drug coverage right during open enrollment Even if you have been happy with your coverage in 2019, be aware that insurance carriers make changes from year to year that can affect the drugs they cover and how much they'll cost you. 7 in 10 Americans have cried over money. Here's what to do if you're one of them A new survey from CompareCards.com finds that 7 in 10 Americans have shed actual tears over money woes. From credit card debt to student loan balances and household expenses, here are the steps you can start to take to address those emotional triggers. Your side hustle may be at risk — here are steps you can take to protect it Just as important as running your side business is making sure it — and you — are protected in case something goes wrong, experts say. How retirees can make required minimum distributions pain free It's that time again, when individuals over age 70½ and those with inherited retirement accounts have to take out their annual required minimum distributions. Here's the missteps to avoid so that you're not faced with a tax penalty. Millennials aren't counting on Social Security for much help in retirement Social Security is a central pillar for current retirees and baby boomers. Younger generations are predicting a different outcome. Applying to college early isn't always the best move By many measures, applying early helps the prospective college student as well as the schools they wish to attend, yet the advantages are not shared equally. Millennials are keeping the US out of recession, market bull Tony Dwyer says Canaccord Genuity's Tony Dwyer believes the demographic's spending habits are lowering economic downturn risks. Worries grow over the Fed's efforts to fix funding issues: 'This is all likely to get much worse' The central bank has been working feverishly to address issues that popped up more than a month ago in the repo market. Global stocks starting to inflect higher "When stocks around the world begin to make their move higher in concert, some interesting things happen during the course of the follow-through ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS