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The devastating mental health impact of soaring mortgage costs
The devastating mental health impact of soaring mortgage costs
Almost a third of people in England and Wales said their mental health has been affected by soaring mortgage costs in the past year, according to new research. For people with existing mental health problems, nearly four in 10 said the rising costs had worsened their mental health. Mind, the UK’s biggest mental health charity, also said it had seen a 55 per cent increase in the number of people contacting its Infoline over the last 18 months about financial difficulties, including welfare, unemployment and personal debt. The charity’s survey of 3,015 respondents across England and Wales in March and April came before Thursday’s news that the Bank of England had raised interest rates to 5.25 per cent from 5 per cent. The hike, which is yet another bid to get inflation under control, will put more pressure on mortgage holders. Mind’s survey – carried out by Censuswide – suggested that 29 per cent of people had been affected by hearing about or experiencing increasing mortgage costs over the last year. Ten per cent said that it had affected their mental health a lot, the charity added. For people with existing mental health problems, some 36% said the increasing mortgage costs had made their mental health worse. The charity said younger people were particularly affected, with almost half (48%) of those aged between 16 and 24 saying that the mortgage situation had impacted on their mental health. Vicki Nash, Mind’s associate director of external affairs, said financial difficulties and mental health problems “often form a vicious cycle”. She said: “As we continue to grapple with the rising cost of living, news of yet another possible increase in mortgage rates will be difficult for many families to bear. “Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation. “We know some people are becoming so unwell that they need hospital treatment for their mental health. “When this happens the care they receive when they leave hospital is critical so we are calling for the introduction of comprehensive welfare checks, including of people’s financial situation. “These figures show this is a mental health emergency that everyone is going to need help to deal with. We know we can’t fix the cost-of-living crisis but support for your mental health is out there, and we are here for you. “This includes through Mind’s Infoline, online community, Side by Side and the useful information on our website that will be available throughout this difficult period.” Mind has a confidential information and support line which can be called on 0300 123 3393 between 9am and 6pm from Monday to Friday, or people can visit mind.org.uk. Read More ‘Unsackable’ Jeremy Hunt to remain chancellor as Rishi Sunak eyes ‘election-ready’ Cabinet reshuffle Lizzo: All the allegations made by former dancers – from sexual harassment to body shaming The Bank hikes interest rates again – but the end of the pain could finally be in sight Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
Soaring mortgage costs ‘affecting mental health of almost a third of people’
Soaring mortgage costs ‘affecting mental health of almost a third of people’
Almost a third of people in England and Wales said their mental health has been affected by soaring mortgage costs in the past year, according to new research. For people with existing mental health problems, nearly four in 10 said the rising costs had worsened their mental health. Mind, the UK’s biggest mental health charity, also said it had seen a 55% increase in the number of people contacting its Infoline over the last 18 months about financial difficulties, including welfare, unemployment and personal debt. The charity’s survey of 3,015 respondents across England and Wales in March and April came before Thursday’s news that the Bank of England had raised interest rates to 5.25% from 5%. The hike, which is yet another bid to get inflation under control, will put more pressure on mortgage holders. Mind’s survey – carried out by Censuswide – suggested that 29% of people had been affected by hearing about or experiencing increasing mortgage costs over the last year. Ten per cent said that it had affected their mental health a lot, the charity added. For people with existing mental health problems, some 36% said the increasing mortgage costs had made their mental health worse. Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation Vicki Nash, Mind The charity said younger people were particularly affected, with almost half (48%) of those aged between 16 and 24 saying that the mortgage situation had impacted on their mental health. Vicki Nash, Mind’s associate director of external affairs, said financial difficulties and mental health problems “often form a vicious cycle”. She said: “As we continue to grapple with the rising cost of living, news of yet another possible increase in mortgage rates will be difficult for many families to bear. “Money problems and mental health often form a vicious cycle, and when we’re struggling to deal with one, the other can become much harder to manage, particularly when it threatens to impact our housing situation. “We know some people are becoming so unwell that they need hospital treatment for their mental health. “When this happens the care they receive when they leave hospital is critical so we are calling for the introduction of comprehensive welfare checks, including of people’s financial situation. “These figures show this is a mental health emergency that everyone is going to need help to deal with. We know we can’t fix the cost-of-living crisis but support for your mental health is out there, and we are here for you. “This includes through Mind’s Infoline, online community, Side by Side and the useful information on our website that will be available throughout this difficult period.” Mind has a confidential information and support line which can be called on 0300 123 3393 between 9am and 6pm from Monday to Friday, or people can visit mind.org.uk. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Consuming foods with added sugars may increase risk of kidney stones – study Why TikTok is going wild for lip oil 5 late summer blooms to plant now
1970-01-01 08:00
GSK’s Nigerian Unit to Close Down, Return Cash
GSK’s Nigerian Unit to Close Down, Return Cash
GlaxoSmithKline Consumer Nigeria Plc, the second-biggest drug firm in the West African nation, will cease operations after its
1970-01-01 08:00
More than a million displaced as China's Hebei region reels from record rains
More than a million displaced as China's Hebei region reels from record rains
More than a million people have been relocated from their homes in China's Hebei province following deadly flooding earlier this week, according to state media, as officials warned it could take a month for the waters to recede in some areas.
1970-01-01 08:00
Aramco, Siemens Energy, Novo Nordisk Top European Earnings to Watch Next Week
Aramco, Siemens Energy, Novo Nordisk Top European Earnings to Watch Next Week
As a dense but brief European earnings season draws to a close, a handful of big hitters spanning
1970-01-01 08:00
Consuming foods with added sugars may increase risk of kidney stones – study
Consuming foods with added sugars may increase risk of kidney stones – study
Consuming foods with added sugars – such as soft drinks, ice-cream and cakes – may increase the risk of developing kidney stones, according to scientists. Researchers have found that those in the US with the highest intake of added sugars had nearly 40% greater odds of developing kidney stones. They said this association was more prevalent among Asians as well as Native Americans. But the researchers pointed out that their study, published in the journal Frontiers, does not show how exactly added sugars increases the risk of kidney stones. Lead author Dr Shan Yin, a researcher at the Affiliated Hospital of North Sichuan Medical College, Nanchong, China, said: “Ours is the first study to report an association between added sugar consumption and kidney stones. “It suggests that limiting added sugar intake may help to prevent the formation of kidney stones.” One in 11 people will get stone symptoms during their lifetime, according to The British Association of Urological Surgeons. Ours is the first study to report an association between added sugar consumption and kidney stones. Dr Shan Yin Known risk factors include obesity, inflammatory bowel disease, diabetes, and being an adult male. For the study, the Dr Yin and colleagues analysed data from more than 28,000 people who were part of the US National Health and Nutrition Examination Survey (NHANES) survey. Each person’s daily intake of added sugars was estimated from their self reported food and drink consumption. They also received a healthy eating index score (HEI-2015), based on the food they ate, whether it was beneficial foods such as fruits, vegetables, and whole grains, or less healthy options such as refined grains or saturated fat. The researchers adjusted for factors such as gender, age, race or ethnicity, income, body mass index, HEI-2015 score, smoking status, and whether the people taking part in the study had a history of diabetes. The researchers said people who received more than 25% of their total energy from added sugars had a 88% greater odds than those who had less than 5% of their total energy from added sugars. Results also showed people below poverty levels had greater odds of developing kidney stones when exposed to more added sugars than those at or slightly above poverty levels. Dr Yin said: “Further studies are needed to explore the association between added sugar and various diseases or pathological conditions in detail. “For example, what types of kidney stones are most associated with added sugar intake? “How much should we reduce our consumption of added sugars to lower the risk of kidney stone formation? “Nevertheless, our findings already offer valuable insights for decision-makers.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Why TikTok is going wild for lip oil 5 late summer blooms to plant now Why have the birds disappeared from my garden?
1970-01-01 08:00
Hundreds of teenagers are falling ill from heat wave at World Scout Jamboree in South Korea
Hundreds of teenagers are falling ill from heat wave at World Scout Jamboree in South Korea
Hundreds of teenage boy and girl scouts have fallen ill at a global event in South Korea as a sweltering heat wave sweeps the country, angering some parents who have called for the 12-day event to be canceled.
1970-01-01 08:00
US CDC panel recommends Sanofi-AstraZeneca's preventive RSV therapy for babies
US CDC panel recommends Sanofi-AstraZeneca's preventive RSV therapy for babies
(Reuters) -The U.S. Centers for Disease Control and Prevention (CDC) said its advisory panel on Thursday recommended use of Sanofi
1970-01-01 08:00
Gilead Recovers as Quarterly Revenue Reassures Investors
Gilead Recovers as Quarterly Revenue Reassures Investors
Gilead Sciences Inc. shares erased a decline as a strong quarterly performance more than offset a lower profit
1970-01-01 08:00
Arizona's extreme heat is killing honeybees and melting their homes
Arizona's extreme heat is killing honeybees and melting their homes
Some entomologists are growing concerned about the increasing number of dead honeybees -- a species vital to our ecosystem, especially food production.
1970-01-01 08:00
Ex-NBA Player Gets 10 Years for Defrauding League Health Plan
Ex-NBA Player Gets 10 Years for Defrauding League Health Plan
A former National Basketball Association player was ordered to spend 10 years in prison for leading a scheme
1970-01-01 08:00
Funeral hears of dad's 'frantic' bid to save girls
Funeral hears of dad's 'frantic' bid to save girls
The funerals of Kiea McCann and Dlava Mohamed have taken place in County Monaghan and County Dublin.
1970-01-01 08:00
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