2022
DOI: 10.38192/1.7.3.5
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The Impact of Financial Crises on Mental Health

Abstract: Several economic factors can increase the risk of mental health problems, such as poverty, unemployment, debt and, on a broader scale, funding cuts for social welfare systems and lack of education. This review explores how economic factors impact mental health, with a particular focus on the impact of the current cost-of-living crisis. In many studies exploring the connection between finances and mental health, specific groups are more vulnerable, such as those with pre-existing mental health problems or unemp… Show more

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Cited by 7 publications
(2 citation statements)
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“…Nevertheless, despite high ownership rates, 42% of participants endorsed at least one barrier to phone ownership, most commonly paranoia about phones, cost, and repeatedly losing or damaging phone handsets. Clinicians should be mindful of these barriers when considering digital tools as part of the support they provide to individuals with psychosis, particularly in the context of the current cost-of-living crisis [ 58 ], which may impede continued increases in device ownership [ 59 ].…”
Section: Discussionmentioning
confidence: 99%
“…Nevertheless, despite high ownership rates, 42% of participants endorsed at least one barrier to phone ownership, most commonly paranoia about phones, cost, and repeatedly losing or damaging phone handsets. Clinicians should be mindful of these barriers when considering digital tools as part of the support they provide to individuals with psychosis, particularly in the context of the current cost-of-living crisis [ 58 ], which may impede continued increases in device ownership [ 59 ].…”
Section: Discussionmentioning
confidence: 99%
“…The main drivers of fuel poverty are energy prices, energy efficiency, low household income and how energy is used in the home (Scottish Government 2016). The consequences of fuel poverty and low incomes identified prior to the current cost of living crisis, for example living in a cold damp home, have a negative impact on both physical and mental wellbeing (Chakravorty 2022, Volkos & Symvoulakis 2021, Thomson et al 2022, Roberts et al 2022. It is envisaged that the number of excess winter deaths will increase as fuel poverty rates increase (Roberts et al 2022).…”
Section: Background and Purpose Of This Reviewmentioning
confidence: 99%