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|MAS comment on Money and Mental Health Policy Institute’s new research into financial capability|
|Thursday, 26 January 2017|
Caroline Siarkiewicz, Head of Debt Advice for the Money Advice Service comments on Money and Mental Health Policy Institute’s new research into financial capability and mental health: “This report highlights there is a strong link between mental health and money issues, from remembering pins and budgeting, through to more severe issues such as problem debt. The report calls on banks and financial institutions to do more for people living with mental health conditions, and the debt sector is well placed to provide such vital support. 52% of people who received debt advice from our services have a mental health condition and our debt advisers are experienced when it comes to working with these people.
“It is therefore important that there is closer working between the mental health, finance and debt advice sectors so that people can be supported holistically. The Money Advice Service is happy to facilitate this. It is also important to remind people who have mental health issues and who are worried about their money that debt advisers are here to help them. The service is free, non-judgemental and help is available across the UK. The Debt Advice Locator Tool will help you to find advice in your area.”
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