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The damage of debt: the impact of money worries on children's mental health and well-being
- Authors:
- PINTER Ilona, AYRE David, EMMOTT Emily
- Publisher:
- Children's Society
- Publication year:
- 2016
- Pagination:
- 32
- Place of publication:
- London
This research looks at how low well-being and poor mental health in children are linked to household poverty and problem debt. It also explore the views of children and parents on how their family's financial situation affects their well-being and mental health. The research draws on a review of the literature, data analysis from the Millennium Cohort Study (MCS) and the Children’s Society well-being survey, and interviews with 13 parents and 15 young people, and two focus groups with care leavers and young carers. Short case studies are also included. The report finds that children in low-income families with multiple debts are at far higher risk of suffering from mental health problems than those in families who owe money to a single type of creditor. The findings suggest that having to juggle a range of creditors increased the pressure on financially stressed households, having a greater impact than the amount owed. Based on the findings, the report provides a series of policy recommendations to improve the lives of children and young people. (Edited publisher abstract)