Newspaper / Magazine
Details
Citation
Boyce CJ (2018) An interest rate rise may put thousands at risk of mental health problems. The Conversation. 09.05.2018. https://theconversation.com/an-interest-rate-rise-may-put-thousands-at-risk-of-mental-health-problems-96300
Abstract
First paragraph: After nine years of interest rates below 1%, it seems imminent that the Bank of England will announce a rise before long. As pay growth picks up and inflation hits its 2% target, a rate rise would – it is argued – ward off potential risks of inflation in the medium term. But another factor to bear in mind is that a rate rise could also have serious repercussions for people’s mental health. A large portion of the UK population have high, possibly unsustainable, levels of debt and a higher interest rate is likely to increase the burden of repaying some of that debt. It will therefore likely increase their levels of mental distress.
| Status | Published |
|---|---|
| Publication date | 09/05/2018 |
| Publication date online | 09/05/2018 |
| URL | |
| Publisher | The Conversation Trust |
| Publisher URL | |
| Place of publication | London |
| ISSN | No ISSN |
People (1)
Honorary Research Fellow, SMS Management and Support