Financial Worries
Feeling low, anxious and worried is an expected response when struggling with limited finances, debt and the cost of living. Financial adversity and difficulty can result in suicidal thoughts or actions.
Help is available both locally and nationally to offer guidance and support when managing financial difficulties.
Financial Stress
Financial stress is a significant risk factor for suicide, particularly among people who are tasked with the role of ‘provider’ or those who are responsible for preserving the lifestyle of those who depend upon them. According to the charity Money and Mental Health, people with problem debt are three times more likely to have had recent suicidal thoughts. After the 2008 recession, suicide rates rose in this country and many others.
We can ensure suicide prevention work is targeted to those experiencing financial worries by:
- – Working closely with partners in identifying those who may be high risk of crisis.
- – Providing training to those working or volunteering on how to ‘see the signs’ of suicide and recognise risk factors.
- – Ensure signposting support materials are cascaded in settings were individuals who are experiencing financial worries may visit.
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