Becca Stacey, Senior Research Officer, Money and Mental Health Policy Institute
Through the lens: Age, money and mental health
15 December 2022
This policy note considers how our age can impact our experiences of financial and mental wellbeing.
It finds that younger people with mental health problems are more likely to say that their financial situation makes them anxious, and to have borrowed money or used credit to pay for everyday outgoings.
But the financial gap between people with and without mental health problems does not necessarily close with age, and across some indicators, can actually grow more profound.
In response, we set out key steps that the government, employers and essential services firms should take to address the challenges people face at different stages of their lives in terms of their financial and mental wellbeing.
This is the second in a series of reports exploring how different demographics interact with money and mental health. Our previous research on the link between gender, money and mental health problems can be found here. The third paper in the series, which looks at ethnicity, money and mental health, can be found here.