2022
DOI: 10.1177/00207640221083205
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Poor mental health is associated with the exacerbation of personal debt problems: A study of debt advice adherence

Abstract: Background: It is known that there is an association between debt and poor mental health. However, much of the literature is observational and focuses on how debt may lead to poor mental health. Here, we are interested in how poor mental health may be associated with debt advice adherence. Aims: The aim of the study was to investigate the relationship between mental health and debt advice adherence in individuals applying for a formal debt resolution mechanism (an Individual Voluntary Arrangement, IVA). Method… Show more

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Cited by 3 publications
(3 citation statements)
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References 41 publications
(49 reference statements)
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“…It is observed that the regression coefficient of marriage is 0.014 > 0, indicating that marriage will have a positive effect on health ( 47 ). Debt is not related to health, which is different from the conclusions of Clayton et al ( 48 ) and Andelic and Feeney ( 49 ), which may be related to the sample data in this paper and the debt structure of Chinese residents.…”
Section: Empirical Analysis and Discussioncontrasting
confidence: 99%
“…It is observed that the regression coefficient of marriage is 0.014 > 0, indicating that marriage will have a positive effect on health ( 47 ). Debt is not related to health, which is different from the conclusions of Clayton et al ( 48 ) and Andelic and Feeney ( 49 ), which may be related to the sample data in this paper and the debt structure of Chinese residents.…”
Section: Empirical Analysis and Discussioncontrasting
confidence: 99%
“…This had a negative effect on individuals’ well-being and mental health ( Borrescio-Higa et al, 2022 ). Job uncertainty and financial distress caused by the pandemic, as well as debt management challenges ( Andelic and Feeney, 2023 ), are linked to increased anxiety and depression ( Wilson et al, 2020 ). Similarly, our study found that WD patients who suffered income loss reported elevated levels of stress, anxiety, and a decrease in perceived mental health.…”
Section: Discussionmentioning
confidence: 99%
“…There is considerable evidence from developed countries of an increase in mental health disorders during times of economic recession. [ 8 , 9 ] Increasing inequalities, social fragmentation, unemployment, rising debts, and falling standard of living[ 10 ] were identified as the pathways through which recession increases psychopathology; furthermore, such effects were long lasting. [ 11 ] The economic impact of lockdowns to contain the COVID-19 pandemic and the subsequent economic recession was, therefore, expected to have a significant effect on the mental health of the general population.…”
Section: Introductionmentioning
confidence: 99%