UK Adult Financial Wellbeing Survey 2021: Credit Counts

The Credit Counts survey, part of the Adult Financial Wellbeing Survey 2021, looked at the number of adults who often use a credit card, overdraft or borrow money to buy food and other essentials or pay bills because they’ve run short of money. It showed that while the number of people relying on this was higher in individuals on low incomes, there were also differences between age groups, ethnicity and whether the individual was responsible for children, among other things.

Cost of living: Impact of rising costs on disabled people

Disabled individuals and their households have, on average, lower incomes than their non-disabled counterparts. They often incur additional costs related to the treatment and mitigation of their disability. Furthermore, they typically spend a greater share of their income on food and energy, the commodities driving the current surge in inflation.

Bombarded: reducing the psychological harm caused by the cost of living crisis

This policy note explores the continued impact of the cost of living crisis on our collective mental health. It reveals the severe extent to which rising costs and mounting financial pressures have contributed to increased feelings of anxiety, depression, and in some cases, suicidality.

Two thirds of economically inactive people with long-term illness report mental health problems, data finds

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Just under two thirds (60 per cent) of people who are economically inactive because of long-term illness are living with a mental health problem, research has found.

Analysis of official data by IPPR found that while issues such as anxiety and depression are affecting people of all ages, young adults (20-29 years old) out of the labour market because of sickness are 50 per cent more likely to report a mental health problem than older working-age adults (60-65).

The Restart scheme for long‑term unemployed people

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The Department for Work and Pensions (DWP) set up the Restart scheme to help people made unemployed by the COVID-19 pandemic. The government announced that there would be a new large-scale provision for long-term unemployed people in the July 2020 Plan for Jobs and announced £2.9 billion of funding for the Restart scheme in the November 2020 Spending Review.