(Source: https://www.coventrytelegraph.net/) It seems barely a day goes by without another headline about the cost of living shooting up.
Now, UK inflation has reportedly hit a 30-year high, reaching 5.5 per cent in January - the highest levels since March 1992, when it reached 7.1 per cent.
Soaring energy bills have already been highlighted, and according to the Office for National Statistics (ONS), the cost of clothes and footwear also pushed inflation higher last month. With increasing transport costs and supermarket prices all in the mix, it's a worrying time for a lot of people.
Money and mental health
If you're having a hard time with money worries, you're not alone. Experts acknowledge that 'financial health' can play a big role in mental health. "Indeed, mental health and money problems are a two-way street, and sometimes that is hard to pinpoint," says Dr Jorge Palacios, senior digital health scientist at SilverCloud Health.
"For example, feeling depressed or anxious may actually prevent you from doing proactive things such managing your finances better.
"You might have a reduced income due to mental health issues affecting the way you work. You may even overspend to get the brief high it brings, so as to counter your depressive mood. In all of these cases, it is the mental health issues causing or worsening underlying financial issues."
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