Bad debt and mental health problems can be a vicious circle. Only by forcing banks to provide more help can this be addressed

Money management is not easy at the best of times. Choosing the right deal, setting up standing orders, checking you’re not over or underpaying, switching providers – the whole thing can be overwhelming. This is doubly true for those with mental health problems – and a new report from Citizens Advice has exposed just how difficult it can be. It found that when poor mental health reduces someone’s ability to carry out daily activities, it can end up costing them £1,110 to £1,550 a year.

The reasons for this are manifold. Choosing services can be problematic – difficulty acting under pressure, poor working memory and poor response inhibition can prevent people from getting the right deal. Paying for services can be impacted by difficulties doing paperwork, and dealing with problems can be hindered by avoidance or a reluctance to communicate. This may not be the case for everyone – mental illness can manifest in any variety of ways. But inaccessible services and inadequate support are problems across the board, no matter the exact nature of someone’s...

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Mental health is a level of psychological well-being, or an absence of a mental disorder; it is the "psychological state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment".

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26 March 2019