People in debt more than twice as likely to report very poor mental health, Money Advice Trust research reveals
To mark Mental Health Awareness Week 2025, National Debtline (part of Money Advice Trust) has published new research emphasising the stark correlation between debt and poor mental health. The research finds people behind on their household bills are more than twice as likely to struggle with very poor mental health. 16% of UK adults behind […]
Read MoreNew Lowell Financial Vulnerability Index research shows household finances in worst state since pandemic
The latest Financial Vulnerability Index research, undertaken by Lowell and Opinium, shows that households in the UK are: Using up their savings: 6 in 10 lack sufficient savings and more than a third have less than £1,000 in emergency savings – the highest figure recorded. Relying more on riskier forms of credit: For the first […]
Read MoreMoney and Mental Health Policy Institute research shows people with severe mental illness are twice as likely to be disconnected from utilities
New research by Money and Mental Health (funded by abrdn Financial Fairness Trust) looks at how water, energy and telecoms firms collect debt, and how these processes can be made fairer and more supportive for the 7 million people across the UK who are behind on utilities bills. In particular, it considers the impact of […]
Read MoreFCA launches webpage on unauthorised and unsuitable debt advice
The Financial Conduct Authority (FCA) has published a new consumer guidance webpage aiming to help educate consumers to avoid unauthorised or unsuitable debt advice. Find out more here.
Read MoreCitizens Advice Scotland publishes new report on improving access to banking services
Citizens Advice Scotland has launched a new report entitled ‘Holding to Account: recommendations for improving access to banking Services’. It says that the ultimate form of financial exclusion in modern society is not having access to a bank account. Without a bank account, people’s ability to fully engage in society, financially or otherwise is severely […]
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