Post Christmas Debt and Despair.

Many people in the UK received their monthly pay on or around December 21st instead of at the end of the month. The rationale was obvious: pay people in advance so they have funds for Christmas. Unfortunately, many people are now experiencing a phenomenon called “January has 40 days”. This is the time from the December 2019 pay until the next paycheque. Many thousands of people already struggling financially, have been driven to despair by this situation.

There is a correlation between debt and mental health. People struggling financially are much more likely to be depressed or worse. In fact, 50% of people in debt have mental health issues such as depression. Debt and depression can lead to thoughts of taking one’s life in sheer desperation. The Citizen’s Advice Bureau (CAB) has recently been inundated by calls from people struggling to pay council tax, utility payments and rent arrears. What’s striking is that a sizeable proportion of calls to the CAB regarding debt are from young and middle aged men.

The CAB provides excellent support and information for people in debt. As an experienced therapist, I can provide support for depression associated with debt. People shouldn’t suffer needlessly. Debt and depression can be overcome.