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Ben Gibson, Lecturer in Applied Psychology, De Montfort University

Financial crises damage people’s mental health – our global review shows who is worst affected

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Financial crises are periods characterised by devastating losses of income, work, a certain future, and a stable family life. The effect on mental health can be catastrophic. But what does the evidence tell us about who is most at risk, and in what ways?

We are the first team to do a systematic review of global research linking financial crises and mental harms. The evidence from almost 100 eligible studies (out of nearly 7,000 we considered) shows that these crises have consistent, long-term negative effects on the wellbeing of whole groups of people, including increases in depression, anxiety and risk of suicide.

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