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Tuesday 22nd May 2018

Mentally ill short of money

12th May 2008

A poll by the mental health charity Mind has found 75% of mentally ill people do not have any money at the close of each week.


Mind polled 1,800 people. The study revealed that 50% of respondents had not had enough money to buy food.

The vast majority - 91% - said their debts had negatively affected their mental state. Mentally ill people are "three times more likely" to have debts than the wider population.

Two-thirds of the respondents said they were not able to inform their creditors that they suffered from mental illness.

In the group that had told people about their mental health, 83% said they had been "harassed about debt repayments" although their creditors knew about their problems.

Bailiffs had been in touch with 50% of the respondents and some had been threatening.

Paul Farmer, chief executive of Mind, said: "People living with mental health problems are particularly vulnerable to being trapped in a cycle of debt and poverty."

He said that if mental health problems meant a person could not work, they often had to rely on credit to support themselves.

Mr Farmer said that people without jobs and with limited means might only "be able to get credit from lenders who charge astronomical interest rates".

"Creditors have a duty to help not hound their customers, especially when they are coping with serious health problems," he added.


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Article Information

Title: Mentally ill short of money
Author: Jess Laurence
Article Id: 6709
Date Added: 12th May 2008


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