Debt and mental health in the workplace

Equifax white paper identifies challenges facing UK businesses and how they can support employees who are trying to manage debt and mental health issues

Mental health and financial problems are often related. The triggers are varied. People can slip into debt as a symptom of mental illness. Or financial worries could lead to mental health issues. One thing is for certain, there is no doubting the connection between debt and mental health.

Equifax commissioned YouGov to conduct research into the connection between debt and mental health amongst UK workers. This white paper explores the research findings, as well as other independent analyses, to provide insight for employers when it comes to the impact of debt on the mental wellbeing of their employees.

An independent Government review, 'Thriving at Work', stated that 'the UK is facing a mental health challenge at work' and highlighted the role employers can play in creating healthier workplaces that support staff while recognising mental health as a priority.

There is no one-size-fits-all solution when it comes to employers offering support to staff, but organisations can improve the general wellbeing of their workforce by creating an open and supportive environment that ends the silence on mental health.

Access the comprehensive white paper on what employers can do to support their employees here.