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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
Is Trump running for president mostly to avoid prison?
Is Trump running for president mostly to avoid prison?
A Trump rival was booed for suggesting he is only campaigning to keep himself out of jail. But is he completely wrong?
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
Monte Paschi Profit Beats Estimates on Rising Rates, Lower Costs
Monte Paschi Profit Beats Estimates on Rising Rates, Lower Costs
Banca Monte dei Paschi di Siena SpA reported better than-expected earnings as it joined European peers in benefiting
1970-01-01 08:00
Watch out Deshaun Watson, Browns fans have new favorite QB
Watch out Deshaun Watson, Browns fans have new favorite QB
The Cleveland Browns fanbase has a new favorite quarterback after watching the 2023 NFL Hall of Fame Game.For the first time since the Kansas City Chiefs defeated the Philadelphia Eagles in Super Bowl 57, an NFL game was played. On Thursday night, the NFL held its first preseason game at Tom Ben...
1970-01-01 08:00
Trump's surreal arraignment day in Washington augurs ominous days ahead
Trump's surreal arraignment day in Washington augurs ominous days ahead
As former President Donald Trump left Washington after answering charges of trying to subvert democracy, it felt like all the previous trauma and divisions of his eight-year journey into the nation's psyche were just the start.
1970-01-01 08:00
India restricts laptop, PC imports to boost local manufacturing
India restricts laptop, PC imports to boost local manufacturing
India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector.
1970-01-01 08:00
Hyundai fire risk warning as 91,000 vehicles recalled
Hyundai fire risk warning as 91,000 vehicles recalled
The recall is the latest in a series of fire-related recalls of Hyundai and Kia models in recent years.
1970-01-01 08:00
Taiwan's new MeToo laws are welcome but activists wat more
Taiwan's new MeToo laws are welcome but activists wat more
New sexual harassment laws target workplaces and schools, but critics say they still fall short.
1970-01-01 08:00
MP Materials profit beats, starts some rare earths refining
MP Materials profit beats, starts some rare earths refining
(Reuters) -Rare earths miner MP Materials posted a better-than-expected quarterly profit on Thursday and said it has started refining small
1970-01-01 08:00
Takeaways from the arraignment of Donald Trump in the special counsel's election subversion case
Takeaways from the arraignment of Donald Trump in the special counsel's election subversion case
Former President Donald Trump pleaded not guilty in a Washington, DC, federal courthouse Thursday to federal criminal charges stemming from his plots to overturn the 2020 election, in a 27-minute proceeding where the first flashes of the defense's tactics emerged.
1970-01-01 08:00
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