More than half of people with recent mental health issues feel anxious about managing money
dailyrecord.co.ukA new survey has found that more than half of people who have experienced a mental health issue in the past three years feel anxious when thinking about their finances.
The Money and Pensions Service (MaPS) commissioned the research to mark Mental Health Awareness Week, which runs from May 9-15 and the financial wellbeing survey of more than 10,000 people across the UK indicates that those who have experienced a recent mental health problem are particularly likely to be at risk of falling into serious money problems.
They are more than twice as likely to say thinking about their financial situation makes them anxious (57%), versus 26 per cent who have not experienced a mental health problem in the past three years.
The study also found that they are four times as likely to be behind on priority bills (44% versus 11%) and four times as likely to be borrowing to pay off debts (24% versus 6%).They are nearly three times as likely to often borrow to buy food or pay bills because they have run out of money (32% versus 11%).
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