Financial troubles harming minds: Survey

Many people are experiencing stress, anxiety and feelings of hopelessness due to financial concerns, a survey found.

A poll commissioned by the Mental Health Foundation involving 1,000 adults in Scotland found 33% have felt stressed, and 40% have experienced anxiety.

Much of the stress stems from the inflation and cost-of-living crisis, with 65% of people worried about how they will pay bills and 52% concerned about being able to afford food over the next few months.

The charity is calling on the UK Government to ensure people at higher risk will be protected from the negative impact of both the cost-of-living crisis and potential cuts to public services.

This includes protecting benefits so they rise with inflation and increasing capacity at debt services, foodbanks and community organisations.

Mental Health Foundation Scotland warned of a significant increase in mental health problems without such action.

Its head of evidence and impact Shari Mcdaid said: “Cuts to public services and benefits will undoubtedly have a negative impact on people’s mental health and wellbeing.

“If people are struggling to meet their essential needs for a warm home and enough healthy food for their families, we can expect a significant rise in mental health problems as the burden of financial strain takes its toll.

“UK and devolved governments should ensure that staff and volunteers in social security, debt advice and foodbank services can deliver support with compassion and understanding of the trauma many claimants will have experienced.”