Please note: This page contains information on the subject of suicide that some people may find distressing.
Conor D’Arcy, Head of Research and Policy, Money and Mental Health
Bombarded: reducing the psychological harm caused by the cost of living crisis
6 December 2022
This policy note explores the continued impact of the cost of living crisis on our collective mental health. It reveals the severe extent to which rising costs and mounting financial pressures have contributed to increased feelings of anxiety, depression, and in some cases, suicidality.
In light of our findings, we outline urgent measures that government, regulators and firms should adopt to reduce the harm that the cost of living crisis is having on people’s mental health and finances.
In particular, we are calling on the government and the Financial Conduct Authority to set clear limits on the number of times creditors can contact people in debt.