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Debt Consolidation

The Hidden Cost of Success: How Debt Stress Affects High Earners

July 9, 2025 | 6 min read
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Success on the Surface, Stress Behind the Scenes

 

High income doesn’t guarantee financial flexibility

From the outside, it may seem like high earners have unlimited financial freedom. But the reality is, many are balancing significant financial responsibilities—leaving less day-to-day flexibility than you’d expect. In fact, about 36% of Americans who earn $200,000 or more per year are living paycheck to paycheck, according to a report by PYMTS, a news outlet that provides economic data.

Furthermore, 48% of those who make over $100,000 annually are also in the paycheck-to-paycheck cycle. When you consider the fact that most high earners have a long list of financial obligations, such as mortgages, car payments, student loan payments, business expenses, and more, these stats aren’t as startling.

 

The financial triggers of high-earners

Those who earn a high income often face unique challenges that others in lower tax brackets may not. For example, many high earners are entrepreneurs, small business owners, and executives whose careers lead to inconsistent liquidity, due to changes in the economy, seasonal ebbs and flows, and unpredictable commissions and bonuses.

Not only can their income be somewhat volatile, but most high earners also have other family members relying on them. Depending on their situation, they might have a spouse and/or children who depend on their income to cover medical bills, school tuition, and other large expenses driven by life events, such as buying a home or moving to a new one, starting a family, and planning a wedding.

How debt stress manifests in high earners

 

Mental health consequences

In a survey by Bankrate, almost half (47%) of respondents said that money-related issues take a toll on their mental health, leading to stress, anxiety, and depression at least some of the time.

High income earners with debt may also face mental health challenges. Over time, the persistent worry they might have to keep up with their bills, cover large upcoming expenses, and provide their loved ones with a certain lifestyle can trigger feelings of panic and uneasiness. This is even more likely when their financial issues are exacerbated by factors that are outside of their control, such as inflation and overall economic conditions.

 

Relationship strain and isolation

Financial-induced stress can also hinder relationships, often causing stress between spouses, children, and even friends. High earners with debt might find themselves arguing about money or distancing themselves from others because they feel lonely and insecure.

It’s also fairly common for these individuals to avoid discussing money-related issues with their family members altogether, especially if they hold the breadwinner status, creating problems with trust and communication. Not surprisingly, a survey by the New York Post found that one in three Americans are uncomfortable discussing finances with their partners.

 

Impact on job performance and decision-making

High earners with debt may struggle to focus and perform well in their jobs. Here’s why—their stress may diminish their ability to make smart decisions, leading to errors, inaccuracies, and delays. They might also demonstrate presenteeism, which means they’re physically present at work but mentally preoccupied with other thoughts and worries.

Since many high earners often want to continue to “climb the ladder” and excel professionally, poor job performance can be particularly problematic for them. They might miss out on opportunities for career advancement and increased pay down the road.

Why high earners often delay getting help

 

Shame and stigma around debt

High earners who are considered “successful” among their friends, family, neighbors, and even acquaintances may be embarrassed to reveal they have debt. After all, society expects them to be able to pay for anything and everything without any issues. These societal perceptions can make it more difficult for them to ask for help.

 

Complexity of financial obligations

Many times, high earners have a more complicated financial situation that makes paying off debt even more challenging. For example, they may have multiple loans, investment obligations, or irregular income streams. They might be so overwhelmed with the payoff process that they delay or avoid it altogether.

 

Lack of awareness of flexible financial tools

When it comes to paying off debt, knowledge is power. Even though high earners are usually smart, well-rounded individuals, they may be unaware of all the financial products that may help them out. For example, many of them have likely heard of credit cards and HELOCs but might not know that personal loans can also be powerful debt management tools.

How a personal loan can alleviate debt stress

 

Simplify and consolidate high-interest debt

Through a debt consolidation loan, high earners can consolidate multiple, high-interest debts into one fixed monthly payment. They’ll no longer have to worry about keeping track of multiple payments and due dates, simplifying the debt management process. This is particularly beneficial for doctors, business owners, or other professionals with variable income streams because they’ll only have to budget for a single, manageable payment each month.

 

Lower interest rates and predictable payments

Since a debt consolidation loan comes with low rates and fixed payments, it may also reduce the mental load associated with debt, improving financial clarity for high earners. Loans like the BHG debt consolidation personal loan with extended terms going up to 101,2 years can lead to lower monthly payments, providing breathing room in a high earner’s monthly budget. Not only are rates lower than credit cards, but they’re also fixed, eliminating uncertainty and unnecessary stress.

 

BHG personal loan spotlight

If you’re a high earner with debt, the BHG debt consolidation loan should be on your radar. You can get an approval decision quickly,3 without the need for collateral. Specifically designed for high earners, like entrepreneurs, business owners, and healthcare professionals, it’s the ideal way to pay off debt and improve your overall quality of life.

What are you waiting for? See how BHG can help you regain control of your finances—without sacrificing your success.

Reclaiming peace of mind without sacrificing ambition

 

Financial freedom as a form of success

At the end of the day, it’s not just about income. It’s about financial wellness and peace of mind, both of which you deserve. While paying off debt is a journey, debt consolidation is a tool to help steer you in the right direction. With the BHG debt consolidation personal loan, you can leverage your credit to lock in the best loan terms and set yourself up for success.

 

Taking the first step matters

If you’re ready for a debt-free lifestyle, it’s time to assess your financial situation and explore all the debt consolidation options at your disposal. To get started, learn more about BHG’s debt consolidation personal loan.

Final thoughts: You’re not alone, and help is within reach

Everyone, including high earners, deserve support and relief from debt stress. Help us spread this important yet commonly overlooked message. Share the article, start the conversation, and explore solutions like BHG’s personal loans.

Not all solutions, loan amounts, rates or terms are available in all states. 

1 Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile.

2 Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,228. 

3 This is not a guaranteed offer of credit and is subject to credit approval.

Consumer loans funded by Pinnacle Bank, a Tennessee bank or County Bank. Equal Housing Lenders.

No application fees, commitment, or impact on personal credit to estimate your payment. 

For California Residents: BHG Financial loans made or arranged pursuant to California Financing Law license - Number 603G493.