News

Psyche: People with money worries have increased suicidal thoughts


Money problems pose serious health risks

Stress, fear, anger, depression, isolation - money problems are often associated with health risks. An English representative survey recently showed that one in six people with money problems even have suicidal thoughts.

The British aid organization "Mental Health UK" recently published the results of a survey by the market research institute "YouGov", in which over 2,000 British adults took part. The survey looked at the health consequences of money problems. "The results show how vicious the cycle of mental health and money problems can be," said Brian Dow, director of Mental Health UK, in a press release to the survey.

Guilt and Shame - Money problems are rarely discussed

Results show that 25 percent of adults with money problems feel guilty. 41 percent of those questioned are ashamed of their debts. Only about one in three (28 percent) talks about these problems and 50 percent of all respondents with money problems did not know where to get help.

Increased alcohol consumption and depression

15 percent of the participants stated that they had to drink more alcohol and smoke more if there were money problems (13 percent) in order to cope better with the problem. Furthermore, 65 percent of the subjects reported more stress in everyday life, 62 percent felt increased fear, 20 percent expressed increased irritability and anger.

Isolation, depression and thoughts of suicide

23 percent of those surveyed have increasingly isolated themselves due to money worries. 44 percent showed symptoms of depression. One in six people (16 percent) even thought about suicide.

Money problems are not a rare problem

The group of people with money problems is anything but small. Almost three out of ten people (27 percent) have had financial worries, the survey found. Mental Health UK estimates that four million people in the UK are at risk of mental health problems due to financial difficulties.

Dangerous overall package

"People feel embarrassed and isolated and don't know where to get help," explains Brian Dow. Stress, anger and depression would lead to unhealthy behaviors like smoking and alcoholism. Of course, this only makes the problem worse and things could screw down. As the results show, this can even end in suicidal thoughts, Dow said.

Lack of clarification on the subject

"We want more people to be aware of the connection between money worries and mental health problems," explains Dow. The expert summarizes that more people who suffer from such problems should recognize them and be able to seek help when they need it. (vb)

Author and source information


Video: Suicide Prevention Workshop: Suicide Risk Assessment and Safety Planning (August 2020).