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Alcoholism and Debt - Case Study Example

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Though it has not been conclusively proved that alcoholism is a causal factor in an individual's accumulation of debt, the data shows unequivocally that alcoholism is indeed a depressant of wages and income. If we make the theoretical connections between lower socioeconomic status and debt, we see that alcoholism is a factor in an individual's indebtedness, however, conclusive evidence on the direct connection is still lacking in the academic community.
Alcoholism has long been recognized as a prevalent social problem, both in the United States and abroad. While its negative effects are varied and significant, the research below specifically examines the disorder of alcoholism as it relates to earning, income, socioeconomic status, and debt.
Prevalent alcoholism comes at a great cost to society and to the health of its members. The purpose of this paper is to review existing literature and research on alcoholism and its relation to indebtedness. We hypothesize that alcoholism, if not a directly causal factor in indebtedness, is certainly related to income and financial stability based on issues of management, control, and educational capacity. The work of seven researchers is examined below, and their studies on the relationship of alcoholism to debt and financial wellbeing analyzed.
Though it has not been conclusively proved that alco...
Though it has not been conclusively proved that alcoholism is a causal factor in an individual's accumulation of debt, the data shows unequivocally that alcoholism is indeed a depressant of wages and income. If we make the theoretical connections between lower socioeconomic status and debt, we see that alcoholism is a factor in an individual's indebtedness, however, conclusive evidence on the direct connection is still lacking in the academic community.
Although much about the disorder remains unknown, many academics agree that alcoholics typically share some common characteristics. Alcoholics occupy all demographic, socioeconomic, and occupational positions on the spectrum. In the United States, approximately ten percent of men and three percent of women are actively alcoholic at any time; "'in addition, it is commonly observed that alcoholism tends to run in families, with the prevalent current wisdom being that there is a strong genetic dimension to such tendencies (Mullehey & Sidelar 1993, 496).

Literature Review
Earning capacity, as related to indebtedness, is a decisive factor in an individual's wellbeing. Alcoholism affects many factors which in turn affect earning capacity and income, the most critical of which are educational achievement and marital status.
Mullehey and Sidelar are particularly interested in the secondary effects of alcoholism on an individual's earning capacity, aside from the direct health effects so often cited. They write, "it is the effect of alcoholism on these other factors that may have the greatest negative effect on an individual's income. That is, had an individual not become an alcoholic, he or she might have been financially successful; instead, the ...Show more
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Summary

Alcoholism is a prevalent disorder in the United States, affecting about one in 20 individuals at any one time, and one in 10 individuals at some point during their lives. Males are three times more likely than females to suffer from alcoholism. A prevailing view on alcoholism is that is has depressant effects on earnings, income, and wages"
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