Psychological Effects of Debt
$29.00
Intermediate
Online
Course Abstract
Psychological Effects of Debt is a 2-hour online continuing education (CE) course that explores the reasons people go into debt and the psychological effects it causes.
This course starts by describing the factors that contribute to the normalization of debt in America, from unfair corporate practices to negative childhood experiences, education levels, and compensatory consumption. We then discuss early indicators of risk taking among young children and how the parent-child relationship is correlated with long term financial outcomes. If children do not learn self-control when they are young, they may be more susceptible to impulse spending or compulsive shopping. We study the four types of transformative expectations that materialistic people expect when making purchases.
We review several research studies that demonstrate the ways in which debt affects mental health, health behaviors, and physical health. We also describe how financial behaviors, responsibilities, and debt affect relationships with spouses, partners, and children. Finally, we examine the ways to combat debt and the psychological effects it causes. Included are a series of exercises to support clients to find their way out of debt, improve mental health, and regain a more enjoyable and fulfilling life.
Course #21-55 | 2022 | 36 pages | 15 posttest questions
Learning Objectives
- Identify and describe four causes of debt
- Specify two indicators that a person is more likely to take on financial risk
- List the four types of transformative expectations that drive compensatory consumption
- Explain six ways in which debt affects a person’s health and relationships
- Explain the link between debt and unethical behavior
- List three strategies to stop the cycle of debt
Course Directions
This online course provides instant access to the course materials (PDF download) and CE test. The course is text-based (reading) and the CE test is open-book (you can print the test to mark your answers on it while reading the course document).
Successful completion of this course involves passing an online test (80% required, 3 chances to take) and we ask that you also complete a brief course evaluation.
About the Author(s)
CE Information
Counseling
Professional Development Resources (PDR) has been approved by the National Board for Certified Counselors (NBCC) as an Approved Continuing Education Provider, ACEP No. 5590. Programs that do not qualify for NBCC credit are clearly identified. PDR is solely responsible for all aspects of the programs.
Professional Development Resources is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion). Professional Development Resources, Inc. is recognized by the New York State Education Department’s State Board for Mental Health Practitioners as an approved provider of continuing education for licensed mental health counselors (#MHC-0135 - Note: New York counselors will receive 2 continuing education credits for completing this self-study course).
Marriage and Family Therapy
Professional Development Resources is approved by the American Psychological Association (APA) to sponsor continuing education for psychologists. Professional Development Resources maintains responsibility for this program and its content. Professional Development Resources is also approved by the National Board of Certified Counselors (NBCC ACEP #5590); the Association of Social Work Boards (ASWB #1046, ACE Program); the New York State Education Department's State Board for Mental Health Practitioners as an approved provider of continuing education for licensed marriage and family therapists (#MFT-0100 - Note: New York MFTs will receive 2 continuing education credit(s) for completing this self-study course); the Texas Board of Examiners of Marriage and Family Therapists (#114); and is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion).
Nutrition and Dietetics
Professional Development Resources is a CPE Accredited Provider with the Commission on Dietetic Registration (CDR #PR001). CPE accreditation does not constitute endorsement by CDR of provider programs or materials. Feedback for this activity can be sent directly to CDR. Professional Development Resources is also a provider with the Florida Council of Dietetics and Nutrition (#50-1635) and is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion).
Download CDR's Critical Thinking Tool - CDR credentialed practitioners must complete and save this form and the certificate of completion should they ever be audited. Failure to include both certificate and completed tool will result in a failed audit and loss of CPE credit. Feedback about the quality of the activity can be sent directly to CDR: QualityCPE@eatright.org
Occupational Therapy
Professional Development Resources is an AOTA Approved Provider of continuing education (#3159). OT Content Focus - Domain of OT: Context; OT Process: Intervention. This program is offered for 0.3 CEU's. The assignment of AOTA CEU's does not imply endorsement of specific course content, products, or clinical procedures by AOTA. Professional Development Resources is also approved by the Alabama State Board of Occupational Therapy; the Arizona Board of Occupational Therapy Examiners; the Florida Board of Occupational Therapy Practice; the Georgia State Board of Occupational Therapy; and is CE Broker compliant (#50-1635) (all courses are reported within two business days of completion). Participant successfully completed the required assessment component for this activity.
As part of the American Occupational Therapy Association’s (AOTA) Approved Provider renewal process, AOTA is requesting that participants of this course complete a short online survey about your continuing education experience with our organization. Completing this survey will enter you into a quarterly drawing for a $100 voucher for AOTA publications or CE. To access the survey go to http://www.aota.org/appsurvey.
Thank you for your participation.
Psychology
Professional Development Resources is approved by the American Psychological Association (APA) to sponsor continuing education for psychologists. Professional Development Resources maintains responsibility for this program and its content.
Professional Development Resources is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion). Professional Development Resources, Inc. is recognized by the New York State Education Department’s State Board for Psychology as an approved provider of continuing education for licensed psychologists (#PSY-0145).
School Psychology
Professional Development Resources is approved by the American Psychological Association (APA) to sponsor continuing education for psychologists. Professional Development Resources maintains responsibility for this program and its content.
Professional Development Resources is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion). Professional Development Resources, Inc. is recognized by the New York State Education Department’s State Board for Psychology as an approved provider of continuing education for licensed psychologists (#PSY-0145).
Social Work
Professional Development Resources, #1046, is approved as an ACE provider to offer social work continuing education by the Association of Social Work Boards (ASWB) Approved Continuing Education (ACE) program. Regulatory boards are the final authority on courses accepted for continuing education credit. ACE provider approval period: 6/12/2022 - 6/12/2025. Social workers completing this course receive 2 clinical continuing education credits.
Professional Development Resources is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion). Professional Development Resources, Inc. is recognized by the New York State Education Department's State Board for Social Work as an approved provider of continuing education for licensed social workers (#SW-0664 - Note: New York social workers will receive 2 continuing education credit(s) for completing this self-study course). Professional Development Resources is also approved by the Texas State Board of Social Worker Examiners (#5678).
Teaching
Professional Development Resources is approved by the American Psychological Association (APA) to sponsor continuing education for psychologists. Professional Development Resources maintains responsibility for this program and its content. Professional Development Resources is also approved by the National Board of Certified Counselors (NBCC ACEP #5590); the Association of Social Work Boards (ASWB #1046, ACE Program); the American Occupational Therapy Association (AOTA #3159); the Commission on Dietetic Registration (CDR #PR001); the Alabama State Board of Occupational Therapy; the Arizona Board of Occupational Therapy Examiners; the Florida Boards of Social Work, Mental Health Counseling, and Marriage and Family Therapy (#BAP346), Psychology & School Psychology (#50-1635), Dietetics & Nutrition (#50-1635), and Occupational Therapy Practice (#34); the Georgia State Board of Occupational Therapy; the New York State Education Department's State Board for Mental Health Practitioners as an approved provider of continuing education for licensed mental health counselors (#MHC-0135), licensed marriage and family therapists (#MFT-0100), and licensed social workers (#SW-0664); the Ohio Counselor, Social Worker, and Marriage & Family Therapist Board (#RCST100501); the South Carolina Board of Professional Counselors & MFTs (#193); the Texas Board of Examiners of Marriage & Family Therapists (#114) and State Board of Social Worker Examiners (#5678); and is CE Broker compliant (#50-1635 - all courses are reported within two business days of completion).
Customer Testimonials
Great, clear presentation.
Well researched. Informative.
Excellent and relevant, learned quite a lot, including some findings that were counter-intuitive.
A contemporary topic on the heels of COVID pandemic! Interesting research was covered.
What a good perspective on debt. Learned so much and really made me think.
More Testimonials
This was great information, especially the research that has been done and highlighted in this educational offering. I think this would be helpful for all counselors, both individual and couples counselors.
Well done, Helpful for clinicians to consider how debt may be affecting client's health and wellbeing.
Excellent course. Covered a lot of material and was clear and easy to follow.
Very practical and easy to follow and absorb.
I really enjoyed the course and the way it was organized. The information was very timely, and is always relevant. I appreciated having something so practical to take to my clients, and will be emphasizing that I help with stress caused from debt. Great course that I will highly recommend! Thank you.
I'm glad to see a course on the topic of debt, as I have found it an issue with a lot of my clients.
