Mental Health vs. The Cost-of-Living Crisis... What Will Win?

13/12/2022

“I still haven’t turned the heating on yet” - UK citizen, Hedydd Elias chooses to spend up to £100 a week on mental health therapy rather than heating her home. 

The UK cost-of-living crisis is one of the most pressing issues of our time. It is well-known that money can’t buy happiness, but it does have a powerful effect on mental health. In this blog, we’ll explore how the cost-of-living crisis has impacted UK mental health and how you can prepare to make a positive difference with a BSc (Hons) Mental Health, Well-Being, and Counselling degree from the University of Bolton. 

The Effects of the Cost-of-Living Crisis 

The cost-of-living crisis is a situation in which prices for basic goods and services are increasing much faster than wages, making it difficult for people to make ends meet. This means that, even though you may be making more money than you were five years ago, your pay cheque still hardly covers your living costs. 

The cost-of-living crisis has been exacerbated by the rising oil prices due to the ongoing war in Ukraine, as well as the on-going effects caused by the coronavirus pandemic. Additionally, there is the rise in demand for goods and services due to population growth and economic development, as well as the increasing costs of energy and food production. Not to mention the current economic climate has made it harder for companies to provide their employees with raises or bonuses, leading to a decrease in household income.  

This extra stress that the UK population are taking on is having a knock-on effect on their mental health. Let's look at some of the ways people are being affected: 
 
The Stress of Financial Instability
  
When people can’t afford their basic needs such as food, housing, and healthcare, it creates an immense amount of stress. The ability to provide for oneself and family are some of our most primal needs as humans and when those needs aren’t met, it can create feelings of helplessness and hopelessness. This can lead to depression, anxiety, substance abuse issues, and even suicidal thoughts. 

Not Having Enough Time  

The cost-of-living crisis isn't just influencing our wallets; it's impacting on our time as well. With wages often not keeping up with inflation, many people find themselves working multiple jobs. This leaves little time for rest or recreation which are both important components when it comes to mental health and well-being.  

A Loss of Connection  

With so much pressure being placed on individuals financially, there often isn't enough money left over for leisure activities. Not only does this lack of connection affect relationships, which can lead to feelings of loneliness and isolation, this can then significantly worsen mental health problems like depression and anxiety disorders. 

With one in four UK adults suffering from mental health issues, people’s state of mind is becoming a real issue.  

This is where Bolton University can help you make a difference; helping you learn to promote individual psychological well-being and improve mental health with our brand-new BSc (Hons) Mental Health, Well-Being, and Counselling degree. Let’s have a look at some of the things you will learn and experience throughout the course: 

- You will benefit from direct access to your personal tutor; who is an experienced member of our psychology lecturer team  
- Combining psychology, social and community work, law, and healthcare, with the chance to gain a qualification in counselling skills, this multi-disciplinary course opens the door to a range of long-lasting careers  
- We have a strong focus on employability skills, and the practical application of your studies. Our workshops include analysing life events, and role-playing scenarios using case study material 

Does this sound like the right path to a rewarding career and you want to be one of the first students to study our new course? Click here to read our full course details and find out all about the #UniAsItShouldBe experience that our students enjoy. 

Want to come and visit us in-person? Register for one of our upcoming Open Days; speak to our passionate lecturers and happy students and see how we have been voted first for Student Satisfaction*. 

For more information, please contact us at enquiries@bolton.ac.uk or call us on 01204 903807. 

*Complete University Guide – Student Satisfaction - North West – 2023, 2022, 2021, 2020, 2019  
 

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