LONDON—A new report offers another reminder on the link between debt and mental health.
According to the Money and Mental Health Policy Institute, 46% of people who have debt problems also have mental health problems.
“And 86% of people who experienced mental health problems said those were made worse by their financial situation,” stated Bankrate in its analysis.
According to the Kaiser Family Foundation, four in 10 American adults experienced anxiety or depression during the pandemic. That’s up from the one in 10 Americans who reported anxiety or depression in 2019, Bankrate said.