*TRIGGER WARNING* This page contains content about suicide that may be triggering for some readers.

Breaking the link between financial difficulty and suicide

4 December 2018

This report uses exclusive analysis of new national data from the Adult Psychiatric Morbidity Survey, and an in-depth survey of people with personal and professional experience of issues around suicide, to show that:

• Over 420,000 people in problem debt consider taking their own life in England each year, and more than 100,000 people in debt actually attempt suicide
• People in problem debt are three times more likely to have considered suicide than people who are not in problem debt
• Long-term factors such as persistent poverty and financial insecurity can put people in at risk of becoming suicidal, as can sudden triggers like the intimidating and threatening letters people receive from lenders.

To help break this potentially devastating cycle, Money and Mental Health recommends:

• • That government update the rules governing the content and language of many creditors’ letters to make them less threatening, easier to understand, and more supportive

• • That regulators explore the ethical implications of using customer data to identify those at risk and outline best practice, and reconsider prescribed content

• That Public Health England improve guidance to local authorities about the role of financial difficulty in preventing suicide, and add data on financial difficulties to toolkits
• That essential services providers should offer suicide prevention training to staff, and improve referral pathways to support services.