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@article{177353,
        author = {Dr. Akruti Bose and Ms. Anushree Bose},
        title = {A Study on the Impact of Financial Debt on Mental Health: Insights from Vasai City},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {12},
        pages = {376-382},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=177353},
        abstract = {This study examines the psychological effects of debt on Vasai City citizens, where growing living expenses and financial strains lead to serious mental health issues. The study, which uses a sample of 120 respondents, investigates the relationship between personal debt—which includes credit card debt, home loans, and school loans—and stress, anxiety, and mental health. Financial load and mental health have a complex link, according to the results of a combination of demographic and debt-related questionnaires and chi-square statistical analysis. Although previous research has indicated a robust association, our findings show insufficient proof that financial debt substantially raises stress or anxiety levels in this demographic. According to the data, getting mental health help does not significantly reduce stress brought on by debt. The study highlights the necessity of further cooperation between financial institutions and mental health organizations, as well as customized mental health programs that highlight strategies for coping and financial knowledge. This study closes a significant knowledge gap by offering localized perspectives on the relationship between debt and mental health in urban India. It also suggests that in order to better understand these dynamics, future research should take into consideration a wider range of populations.},
        keywords = {Financial Debt, Mental Health, Vasai City, Financial Stress, Psychological well-being.},
        month = {April},
        }