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Money and Mental Health

by | 30th Dec 2021

FINANCES AND WELLBEING are connected and a new study has highlighted the sometimes overlooked link between money worries and mental health issues.

Commissioned by Money and Mental Health Policy Institute, the charity set up by consumer champion Martin Lewis, “The State We’re In” Report found that over the previous 12 months, people with mental health problems were more than twice as likely to have been behind on at least one payment.

Nearly half (46%) of people with a mental health problem agreed with the statement, ‘I can’t afford to regularly save money’, while 25% said they have no savings put aside for emergences compared with 18% of people without mental health problems.

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