Category: Mental Health and Money

Following a highly successful 6-month pilot, which saw our Me & Money programme delivered to over 1,500 young people across the UK – we’re launching our enhanced programme today. We’re delighted to invite schools, colleges, community groups and organisations to get in touch with us to request this free programme for your young people.

There is a strong link between mental health and money worries. Almost one in five (18%) people with mental health problems are in problem debt. People experiencing mental health problems are three and a half times more likely to be in problem debt than people without mental health problems (5%). Enter the Mental Health & Money Advice service — the first UK-wide service to combine support for both mental health and financial problems.

Feedback from Mental Health UK’s Me & Money pilot programme, which launched last year, shows that young people are experiencing additional strain on their relationship with their parents/carers because of money in the approach to the school holidays.

Alongside our popular Bloom and Your Resilience programmes, we have today launched a new innovative pilot programme called Me & Money, which encourages and empowers young people to explore and understand the interconnection between money and mental health.

The cost-of-living crisis has undoubtably had an impact on the majority of us to a greater or lesser extent. Whilst financial concerns have been ever-present throughout the crisis, there has also been an erosive effect on people’s mental health.

Money worries are leading to suicidal thoughts and panic attacks in people living with severe mental illness amid the cost-of-living crisis, new data from Mental Health UK has revealed, with significant numbers of people experiencing a relapse and having to increase their medication dosage.

With record numbers of people are seeking support from our Mental Health & Money Advice service, the cost-of-living crisis is clearly taking its toll on financial and mental health across the United Kingdom. This makes the need for financial and debt advice more important than ever.  Mental Health UK are thrilled to announce that our Mental Health & Money Advice service is joining the Money Advice Trust’s National Debtline Partnership, providing a telephone casework service to National Debtline clients for the first time.

The Covid-19 pandemic had a profound impact on the mental health and wellbeing of people across the globe. But as we return to a semblance of the lives we had pre-Covid, we are being gripped by an unprecedented cost-of-living crisis in this country.

There’s been a surge in the number of people seeking support for mental health and financial advice, as worrying cuts to Universal Credit are set to come in. To help you prepare, Mental Health & Money Advice have put together a practical guide directing you to further support.