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Warning: One in two people feel more anxious about being able to pay their bills than last year

ONE in two people are feeling more anxiety about being able to pay their bills than a year ago due to the escalating cost of living crisis, new figures show.

The British Psychological Society (BPS) has warned of a potential mental health crisis this winter amid recent energy price hikes and ongoing economic uncertainty.

The data, collected by YouGov on behalf of the BPS, reveals that 51% of respondents who did not yet have a diagnosed mental health condition said they felt more anxious about being able to pay their bills than at the same time of year last.

One in five people without a previously diagnosed mental health condition said worrying about money made them depressed, while just over a quarter of all respondents said they were confident they could get by financially this winter.

The BPS said it is ‘sounding the alarm’ about the potentially devastating impact the cost of living crisis could have on people’s mental health and the strain increased anxiety could put on services mental health already struggling this winter.

Sarb Bajwa from BPS said: “Apart from the practicalities of being able to heat homes and put food on the table, people also carry the mental health burden of living under this pressure.

“We are extremely concerned that many will simply not be able to cope, with no one to turn to for help, as services are already stretched and struggling to keep up with demand. growing.

“We are urging the government to target support to those on the lowest incomes and benefits, and to ensure that there is the necessary funding in place for mental health services so that they can try to do in the face of the inevitable increase in demand that we will see this winter.”