Exclusive: Unprecedented Levels of Combined Stress Since 2008 Financial Crisis, Research Reveals
A study indicates that over five million adults in the UK are currently facing a combination of financial, health, and housing stresses, a situation not seen since the 2008 global financial crisis. This phenomenon, termed “multi-stress,” is affecting British households significantly.
Approximately one in ten adults of working age are struggling with issues such as low income coupled with debt, unstable living situations with high rent costs, and difficulties in accessing NHS services. This group is reportedly twice as likely to suffer from mental stress, insomnia, and a sense of isolation compared to other demographics.
The surge in simultaneous insecurities has been described as a “national stress crisis” by researchers. Those impacted are facing increased instability and uncertainty, leading to intense feelings of powerlessness and lack of control over their lives.
The study also emphasizes the increase in people suffering from a mix of financial, health, and housing challenges, assessing their overall ability to lead a good quality life, both materially and psychologically.
Becky Tunstall, one of the study’s authors and a visiting professor at LSE, highlighted the urgent need for political action. She pointed out the challenges faced by the chancellor, Rachel Reeves, to assist millions who are struggling with bills and public service access, and who feel their lives are in limbo.
