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Debt creating vicious cycle in mental health, says charity

DEBT from the cost-of-greed crisis is driving a vicious cycle of poor mental health, according to the Scottish Action for Mental Health (SAMH).

Recent YouGov research projected that as many as 782,000 adults in Scotland have gone into debt for the first time or seen it grow during the cost-of-greed crisis, while as many as 665,000 are thought to have felt an impact on their mental health, and charities have joined forced to urge those struggling to seek help.

SAMH’s Alex Cumming said: “Poor mental health can be a factor in building up debt, and debt can result in mental health problems, including stress and anxiety. 

“Debt and mental health problems often form a vicious circle, and it’s important to seek help for both.”

Citizens’ Advice Scotland’s Sarah Jayne Dunn said: “There is a clear link between money and mental health, and that will have been exacerbated by the cost-of-living crisis.

“That’s why we’ve launched the Stressed about Debt campaign, to encourage people who are worried to seek advice and not let those worries build up until they are suffocating.

“Our advice is impartial, confidential and, crucially, free.”

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