Debt and mental health

Background

 

  • One in four people has a mental health problem.

 

  • One in four people with a mental health problem is in debt.

 

  • One in two people in debt have a mental health problem.

 

  • Debt may be a cause and consequence of mental health problems.

 

Resources for health and social care

The resource below provide basic advice for health and social care workers.  It describes how they can practically help people with debt and mental health problems.

 

  • The Second Edition of 'Final Demand. Debt and Mental Health' - a significantly revised version of our popular booklet, released in March 2009.  This is for health and social care workers on addressing the issue, with an additional emphasis on engaging with money advice services.   Download this booklet.

 

  • The first edition of our 'Final Demand' booklet originally released in 2006.   Download this booklet.

 

  • 'Mental health and debt: challenges for knowledge, practice and identity' - Fitch et al published in Journal of Psychiatric and Mental Health Nursing (2007), 14: 128-133.

 

  • 'Debt and mental health: the role of psychiatrists' - Fitch et al published in Advances in Psychiatric Treatment (2007), vol. 13, 194–202.

 

The resources above don't expect workers to become debt experts, but instead describe the big differences they can make by knowing and doing small things.

 

The website is a collaboration between people with direct experiences of mental health problems, researchers from the Royal College of Psychiatrists and Rethink, and collaborating money advice, health and social care organisations.

 

Advisory work

Chris Fitch and Rob Chaplin provide guidance to the National Working Party on Debt and Mental Health.  This is a group comprised of creditor agencies, advice agencies, and health organisations.  Overseen by the Money Advice Liaison Group, the National Working Party published recommendations on best practice in working with people with mental health and debt problems in November 2007.

 

 

© 2009 Royal College of Psychiatrists