The cost-of-living crisis in the UK is a growing problem. According to the Office of National Statistics, the cost of living in the UK has risen by 10.5% since the beginning of 2020, making it increasingly difficult for citizens to make ends meet.[1]

This crisis is particularly acute for the most vulnerable in society, including those in poverty, those with disabilities, and ethnic minority groups.[2]

The price for mental health

The cost of living crisis is having a devastating effect on households across the UK.

Research from the Institute of Fiscal Studies shows that households with the lowest incomes are spending a greater proportion of their income on basic necessities than ever before.[3] This has led to an increase in levels of debt for many households and an increase in the number of people seeking financial support.

The cost of living crisis is also leading to an increase in homelessness. Recent research from Shelter shows that the number of homeless people in the UK has almost doubled since 2010.[4] The rise in the cost of living has made it even harder for those in poverty to find and keep affordable housing.[5]

Help at hand

The UK government has taken some steps to address the cost of living crisis, such as increasing the minimum wage and introducing the Universal Credit system.

However, the direct effects of anxiety, stress and confusion are spread throughout society, rich and poor. This may be affecting you, members of your family, colleagues and even your customers.

It is important to know the facts in order to help alleviate some of these effects directly, help individuals understand they are not alone, acknowledging the realities on mental health and sourcing the right help.

To learn additional facts about the crisis, the infographic below provides helpful information for all and. positive starting point for understanding and dealing with this issue.

 

 

 

References

[1] https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/expenditure/articles/therisingcostoflivinganditsimpactonindividualsingreatbritain/november2021tomarch2022

[2] https://www.wrc.org.uk/blog/cost-of-living-london-vawg-sector-response

[3] https://ifs.org.uk/news/many-better-households-may-increase-savings-spending-banned-activities-falls-poorer-households

[4] https://england.shelter.org.uk/media/press_release/274000_people_in_england_are_homeless_with_thousands_more_likely_to_lose_their_homes

[5] See more here: https://www.rehab-recovery.co.uk/south-east/alcohol-rehab-london/