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How the Cost of Living Crisis is Worsening the UK’s Mental Health Crisis 

27 Nov 2024

The cost of living crisis has gripped the UK, forcing many households to make impossible choices between heating their homes, buying food, and managing everyday expenses. Beyond the visible financial strain, this crisis has intensified a less visible but equally alarming challenge: a growing mental health crisis. Rising anxiety, depression, and feelings of helplessness are sweeping the nation as individuals grapple with the mounting pressure of economic instability.

The Mental Health Fallout

The UK mental health crisis has been a long-standing concern, but the cost of living crisis has exacerbated it in unprecedented ways. According to the Mental Health Foundation, financial worries are one of the leading causes of stress and anxiety. Recent surveys indicate that nearly one in three adults in the UK feels their mental health has declined due to financial stress. For many, this manifests as cost of living anxiety, with fears about the future, job security, and the ability to provide for their families taking a heavy toll.

A Vicious Cycle

Mental health and financial wellbeing are deeply interconnected. People experiencing cost of living depression often find it harder to seek work, maintain employment, or manage household finances effectively. In turn, financial instability amplifies mental health challenges, creating a vicious cycle that is difficult to break.

The toll is particularly severe for vulnerable groups, including older adults, single-parent households, and low-income families. Rising energy bills and food prices disproportionately affect these groups, leaving many unable to afford basic necessities. For older adults, the cold winter months pose an additional threat, as inadequate heating can lead to severe health complications, compounding the stress of financial hardship.

Beyond the GP – using clinical spaces to support the vulnerable

As the cost of living crisis begins to exact more of a toll on people’s mental and physical health, GPs, pharmacies, and A&Es are seeing a rise in appointments.

GP visits: A survey of 1,000 GPs found that more than one in five GP consultations were caused or exacerbated by the cost of living crisis. GPs have noticed the impact on mental health, as well as physical health due to patients eating cheaper and unhealthier food.

A&E visits: People living in more deprived areas are more likely to attend A&E. For example, people in the most deprived 10% of areas are 1.7 times more likely to attend A&E than people in the least deprived 10%.

Emergency admissions: Emergency admissions are 68% higher in the most deprived groups.

These figures are shocking and paint a clear picture of the health impact of the cost of living crisis.

What the stats highlight, too, is the fact that – more than ever before – vulnerable people are gathering in trusted spaces to get the help they need. Organisations and businesses can reach people in need with crucial information by ensuring their pamphlets and posters are prominently displayed in these high-traffic areas.

Practical Advice for Those Struggling

For individuals experiencing cost of living depression or anxiety, seeking help is vital. Mental health charities like Mind and Rethink Mental Illness offer free resources and helplines. Speaking with a GP about financial concerns and mental health can also open doors to support schemes like the energy subsidy trial.

Additionally, small steps, such as connecting with community groups, practising mindfulness, and maintaining a balanced diet, can help alleviate the immediate impacts of financial stress.

Pamphlets, posters, and digital screens that sign-point people struggling with the crisis to critical resources can make a big difference in their lives.

Looking Ahead

The cost of living crisis is more than just an economic issue – it is a public health emergency. As the UK faces a challenging winter, recognising and addressing the link between financial strain and mental health will be critical in ensuring that vulnerable individuals do not fall through the cracks.

By utilising practical innovation through direct messaging, organisations contribute to making a positive difference that can not only alleviate the immediate pressures of this crisis but also build a more resilient future for mental health in the UK.

IDS Media UK aims to inspire action and foster conversations that lead to lasting change. The mental health crisis deserves urgent attention, and together, we can make a difference.

Dean Gahagan From traditional media and digital screens targeting patients to sampling and educational packs for healthcare practitioners, Dean helps organisations approach OOH a little differently. Get in touch if you'd like to find out more.