Does Credit Card Debt Lead to Depression?
Researchers have found a statistically significant link between short-term household debt, such as debt on credit cards and overdue bills, and increases in symptoms of depression. The link between depression and debt was strongest among unmarried people, adults near retirement and those who are less educated, according to the new study by researchers at the University of Wisconsin-Madison. The study also found that, on average, people’s depressive symptoms tend to increase as their short-term debt rises. [CNBC]
Harbortouch is Latest POS Vendor Breach
Last week, point-of-sale maker Harbortouch disclosed that a breach involving “a small number” of its restaurant and bar customers were impacted by malicious software that allowed thieves to siphon customer card data from affected merchants. The compromise appears to have impacted more than 4,200 Harbortouch customers nationwide.
The post This Week In Credit Card News: Bar & Restaurant Data Breach; Credit Card Debt & Depression appeared first on Liberty Investor™.
