People with OCD are "six times more likely to have serious financial problems"

We all know that financial problems can have a negative impact on mental health, but new research shows how these two elements could be linked.

According to a new report by charity Money and Mental Health Policy Institute, people with obsessive compulsive disorder (OCD) are six times more likely to have serious financial problems.

The study included the institute that badyzed data from the Adult Psychiatric Morbidity Survey, which collected responses from 7,500 people in England.

She revealed that in England, nearly a third of people (29%) with OCD had debts – when a person becomes unable to pay off debts or other household bills – against only 5% in people who do not have a mental health problem. .

OCD is a "common, chronic and enduring disorder" in which a person has "uncontrollable and recurring thoughts and behaviors" that she feels need to repeat over and over again, according to the National Institute of mental health (NIH).

The research reveals for the first time how living with certain mental health issues in particular can dramatically increase your chances of coping with financial hardship.

The report found that people with mental health problems were 3.5 times more likely to be in debt than people without mental health problems and that almost half (46%) of all people in debt also have a mental health problem.

Analysts estimate that about 1.5 million people in England are struggling with mental health and debt problems at the same time and that the link between the two is even more obvious for certain conditions such as bipolar disorder and depression.

The results showed that people with bipolar disorder or depression are about five times more likely to experience severe financial hardship than people without mental health problems.

Meanwhile, one in four people affected by these conditions is in debt, compared to one in 20 people who do not have mental health problems.

The badysis indicates that depression symptoms, such as depressed mood and poor concentration, could affect people's ability to manage their finances.

Speaking of results, Helen Undy, Executive Director of Money and Mental Health, said L & # 39; Independent"Debt with a debt problem can make recovery from a mental health problem more difficult and take much longer – and yet mental health services rarely consider it.

"We would like the government to fund a trial of money counseling that is routinely offered to people as part of their mental health treatment. This would reduce the costs for the NHS, but most importantly, it would give people the opportunity to recover without fear of a debt that covers them. "

Earlier this month, a study commissioned by Lloyds Bank revealed that a quarter of British adults lied to their family and friends about their personal finances.

A survey of 2,806 adults also revealed that 11% had lied to their partner about the amount of their debt.