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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:
Affiliation: Management Work and Organisation

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