Credit crunch causes depression (From Your Local Guardian)

Credit crunch causes depression

10:30am Monday 2nd February 2009

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In my day to day work as a counsellor and psychotherapist, it is becoming increasingly apparent that the credit crunch is starting to lead to a general increase in levels of anxiety and depression.

Many people are obviously losing their jobs, under threat of losing their jobs or struggling to cope with rising debts.

Permanent secretary, Hugh Taylor, from the Department of Health told the Sunday People newspaper: “A long downturn would have some impact on mental health associated with unemployment and particularly debt. We are already making investment in psychological therapies and increasing the number of therapists.”

Reportedly, the government is expected to invest around £173 million to ensure that all hospitals have access to psychotherapy by 2011.

My own experience in the field of therapy is borne out by scientific research; talking can often help clients to improve their situation, by providing a safe and supportive environment in which to express uncomfortable thoughts and feelings and to develop new perspectives and techniques for dealing with these everyday challenges.