Are money worries causing a rise in mental health problems?
1 year, 6 months ago

Are money worries causing a rise in mental health problems?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Money concerns were the most common driver of mental health conditions, according to Scottish Widows’ data, ahead of pre-existing medical conditions and work pressures. The most common occupations where mental health conditions were disclosed were teachers, care workers and nurses, according to Scottish Widows’ data. “Whilst it’s unclear if this is because they are becoming more comfortable talking about it – or worryingly – more people are suffering from poor mental health, we know that money concerns are the most common cause of mental health conditions ahead of pre-existing medical issues and work pressures. “That’s why it’s even more important to have open discussions about money and longer term financial planning, whether that’s with a financial adviser, family and friends, or using resources such as the Government’s MoneyHelper service.” She adds: “When looking for a life and critical illness policy, it’s always important to check exactly what’s covered, for example if mental health conditions are included.

History of this topic

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