New report shows that debt affects mental health

A new report by Agenda found that young women are being driven to self-harm as a result of poverty, debt and their struggles to pay household bills.

The study also found that women aged 16-34 from low income backgrounds are five times more likely to harm themselves than those from the most well-off families. This confirms that there is a clear link between wealth and ill mental health.

The pandemic has also had a major impact on women’s financial situation and consequent mental health. People are worried about how the pandemic will affect their incomes and their lifestyles.

‘We have to talk, we have to let people know that they are not alone, and that there is no shame or embarrassment of being in debt’.

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