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|Appears in Collections:||Management, Work and Organisation Newspaper/Magazine Articles|
|Title: ||An interest rate rise may put thousands at risk of mental health problems|
|Author(s): ||Boyce, Christopher J|
|Issue Date: ||9-May-2018|
|Publisher: ||The Conversation Trust|
|Citation: ||Boyce CJ (2018) An interest rate rise may put thousands at risk of mental health problems, The Conversation, 9.5.2018.|
|Abstract: ||First paragraph: After nine years of interest rates below 1%, it seems imminent that the Bank of England will announce a rise before long. As pay growth picks up and inflation hits its 2% target, a rate rise would – it is argued – ward off potential risks of inflation in the medium term. But another factor to bear in mind is that a rate rise could also have serious repercussions for people’s mental health. A large portion of the UK population have high, possibly unsustainable, levels of debt and a higher interest rate is likely to increase the burden of repaying some of that debt. It will therefore likely increase their levels of mental distress.|
|Type: ||Newspaper/Magazine Article|
|Rights: ||The Conversation uses a Creative Commons Attribution NoDerivatives licence. You can republish their articles for free, online or in print. Licence information is available at: http://creativecommons.org/licenses/by-nd/4.0/|
|Affiliation: ||Management Work and Organisation|
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