A new think tank, the Money and Mental Health Policy Institute, is launching in Spring 2016. The Institute will conduct research and develop policy proposals to improve the lives of those with mental health conditions and financial problems. The Institute aims to work with banks and regulators to implement change.
The Institute reports that a quarter of people with a mental health condition have problem debts too. In addition, half of those in financial difficulties have a mental health condition. The Institute’s founder, Martin Lewis states, “Debt isn’t just a financial problem, it causes relationships to break up, people to lose their homes and families to break down. Debt is a common problem for people living with mental health problems, and it can make those problems worse.”