The Impact of Financial Crises on Mental Health


mental health
financial crisis
cost of living crisis

How to Cite

Chakravorty, T. (2022). The Impact of Financial Crises on Mental Health: Review. The Physician, 7(3), 1-8.


Several economic factors can increase the risk of mental health problems, such as poverty, unemployment, debt and, on a broader scale, funding cuts for social welfare systems and lack of education. This review explores how economic factors impact mental health, with a particular focus on the impact of the current cost-of-living crisis. In many studies exploring the connection between finances and mental health, specific groups are more vulnerable, such as those with pre-existing mental health problems or unemployment.

This review draws upon lessons learnt from previous economic crises. It proposes solutions to tackle the ongoing problem, such as anti-poverty measures, financial counselling and education, funding for mental health services and future research.


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