Depression and mental illness will increase as millions struggle to cope with debts and money problems during the economic downturn, according to a study.
People who owe money are more likely to suffer from psychological problems, the study from the Nottingham School of Economics found.
Researchers examined information from the Families and Children Survey, which questions about 8,000 people a year on issues including their financial situation and health.
In 2007 13% of respondents who reported debt problems and 17% of those reporting financial stress also reported mental health and psychological concerns.
At the same time less than 3% of those who did not report debt or financial stress said they were suffering from psychological problems.
With the new governments tight fiscal controls the personal debt problem will only increase in the short term so we have a ticking time bomb
No comments:
Post a Comment