1 in 5 have poor mental health due to finances

Research by Turn2us shows that 18% experience mental health problems as a result of their financial situation.

#MentalHealthAwarenessWeek

In a survey of 3,081 people seeking our help, 960 responded that they experienced mental health problems and stress as a consequence of their financial situation.

Additionally 19% (993 people) said that energy costs in the winter makes their stress and worry worse.

Mental Health Awareness Week

Mental Health Awareness Week is taking place from 8-14 May 2017.

This year’s theme is ‘Surviving or Thriving?’

Marie, a single mother, told the Mental Health Foundation: “I came to be on benefits and a single parent at age 28. I was dealing with bereavement, depression and low self-esteem while trying to rebuild our whole lives from scratch.”

Mental Health Awareness Week poster from the Mental Health Foundation

However there is help out there. Marie went on to say: “By joining a course run by the Mental Health Foundation, I learnt something new during every session; from goal setting, mental wellbeing, and tools for managing emotions and stress, to training opportunities and services for single parents.”

Mental health and a person’s financial situation

There is a strong relationship between a person’s financial situation and their mental health. 86% say their financial situation makes their mental health worse and 72% say their mental health problems make their financial situation worse.

24% of adults in the poorest fifth of society develop a mental illness, compared with 14% on an average income.

The more debts a person has, the more likely they are to develop a mental health problem. A quarter of people with common mental health problems are in financial difficulty.

Turn2us help

We can provide you with financial information and help.

If your mental health is affected by your financial situation, use our Benefit Calculator to see what benefits you might be entitled to.

You can also use our Grants Search to find charitable funds that might be able to help you, based on your background, situation and needs.

Mental health charities

If you have mental health issues and need help, visit the Mind website or the Mental Health Foundation website for information and support

Sources:

Skint Hospitals Handed £511

Emily Ashton writing in The Sun has reported that emergency bailouts for cash strapped hospitals almost doubled to £511nillion last year amid soaring demand for A&E

The cash was handed out to 31 NHS trusts in 2013-14 to stop them going bust – up from £263million given to trusts the year before.

A report by the National Audit Office warned that this “growing financial stress” was not sustainable – sparking fears for patient care and safety.

More than a quarter of all NHS trusts in England – 63 out of 245 – were in the red in April this year, up from 25 in 2013. They amassed a £743million deficit in 2013-14 up from £297million in 2012-2013.

Margaret Hodge, chair of the powerful Public Accounts Committee called the report “deeply alarming” and said the future of the NHS was at risk.

Shadow health secretary Andy Burnham said ministers had lost control of NHS Finances.

Meanwhile a separate report by the Journal of the Royal Society of Medicine said record numbers of patients are being admitted to hospital via A&E – up 72 percent between 2001 and 2011.

If demand for services, with decreasing resources and mainly rhetoric from government, the future provision of healthcare for our society is continuing to look very worrisome.

The NHS is sick and there’s no medicine coming from the cabinet!.