IDEAS home Printed from https://ideas.repec.org/a/eee/socmed/v364y2025ics0277953624010153.html
   My bibliography  Save this article

Paying the price: Financial hardship and its association with psychological distress among different population groups in the midst of Great Britain's cost-of-living crisis

Author

Listed:
  • Jackson, Sarah E.
  • Cox, Sharon
  • Holmes, John
  • Angus, Colin
  • Robson, Deborah
  • Brose, Leonie
  • Brown, Jamie

Abstract

Great Britain has been experiencing a cost-of-living crisis since late 2021, with the cost of everyday essentials rising more quickly than the average household income. This study provides up-to-date information on levels of subjective and objective financial hardship during this crisis, differences across population subgroups, and associations with psychological distress.

Suggested Citation

  • Jackson, Sarah E. & Cox, Sharon & Holmes, John & Angus, Colin & Robson, Deborah & Brose, Leonie & Brown, Jamie, 2025. "Paying the price: Financial hardship and its association with psychological distress among different population groups in the midst of Great Britain's cost-of-living crisis," Social Science & Medicine, Elsevier, vol. 364(C).
  • Handle: RePEc:eee:socmed:v:364:y:2025:i:c:s0277953624010153
    DOI: 10.1016/j.socscimed.2024.117561
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0277953624010153
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.socscimed.2024.117561?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bridges, Sarah & Disney, Richard, 2010. "Debt and depression," Journal of Health Economics, Elsevier, vol. 29(3), pages 388-403, May.
    2. Adams-Prassl, Abi & Boneva, Teodora & Golin, Marta & Rauh, Christopher, 2020. "Inequality in the impact of the coronavirus shock: Evidence from real time surveys," Journal of Public Economics, Elsevier, vol. 189(C).
    3. Richard Blundell & Monica Costa Dias & Robert Joyce & Xiaowei Xu, 2020. "COVID‐19 and Inequalities," Fiscal Studies, John Wiley & Sons, vol. 41(2), pages 291-319, June.
    4. Brown, Sarah & Gray, Daniel, 2016. "Household finances and well-being in Australia: An empirical analysis of comparison effects," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 17-36.
    5. Lea Ellwardt & Patrick Präg, 2021. "Heterogeneous Mental Health Development During the COVID-19 Pandemic in the United Kingdom," Working Papers 2021-07, Center for Research in Economics and Statistics.
    6. Dana A. Glei & Noreen Goldman & Maxine Weinstein, 2018. "Perception has its Own Reality: Subjective versus Objective Measures of Economic Distress," Population and Development Review, The Population Council, Inc., vol. 44(4), pages 695-722, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhou, Jun & Korkmaz, Aslihan Gizem & Li, Youwei & Yue, Pengpeng & Yan, Yuhan, 2025. "The sword of damocles: Debt and depression," International Review of Financial Analysis, Elsevier, vol. 98(C).
    2. Oana Calavrezo & Lewis Hounkpevi & Florence Journeau & Yoann Robin, 2020. "L’utilisation de l’activité partielle en France pendant la crise de la Covid-19 : Une analyse empirique sous l’angle du genre," Post-Print hal-03676166, HAL.
    3. Guido Neidhöfer & Nora Lustig & Mariano Tommasi, 2021. "Intergenerational transmission of lockdown consequences: prognosis of the longer-run persistence of COVID-19 in Latin America," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(3), pages 571-598, September.
    4. Muhammad S. Tahir & Abdullahi D. Ahmed, 2021. "Australians’ Financial Wellbeing and Household Debt: A Panel Analysis," JRFM, MDPI, vol. 14(11), pages 1-14, October.
    5. Giulia Bettin & Isabella Giorgetti & Stefano Staffolani, 2024. "The impact of Covid-19 lockdown on the gender gap in the Italian labour market," Review of Economics of the Household, Springer, vol. 22(1), pages 1-33, March.
    6. Paweł Bukowski & Gregory Clark & Attila Gáspár & Rita Pető, 2022. "Social Mobility and Political Regimes: Intergenerational Mobility in Hungary, 1949–2017," Journal of Population Economics, Springer;European Society for Population Economics, vol. 35(4), pages 1551-1588, October.
    7. Daniel Graeber & Alexander S. Kritikos & Johannes Seebauer, 2021. "COVID-19: a crisis of the female self-employed," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(4), pages 1141-1187, October.
    8. Brzezinski, Michal, 2021. "The impact of past pandemics on economic and gender inequalities," Economics & Human Biology, Elsevier, vol. 43(C).
    9. Andrew E. Clark & Conchita D'Ambrosio & Rong Zhu, 2021. "Living in the Shadow of the Past: Financial Profiles and Well‐Being," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 910-939, July.
    10. El-Haddad, Amirah & Ishak, Phoebe W., 2023. "The Effect of COVID-19 on the Gender Employment Gap in Egyptian Manufacturing," Policy Research Working Paper Series 10646, The World Bank.
    11. Gray Molina George & Montoya-Aguirre María & Ortiz-Juarez Eduardo, 2022. "Temporary Basic Income in Times of Pandemic: Rationale, Costs and Poverty-Mitigation Potential," Basic Income Studies, De Gruyter, vol. 17(2), pages 125-154, December.
    12. Putra, Rendra A.A. & Ovsiannikov, Kostiantyn & Kotani, Koji, 2023. "COVID-19-associated income loss and job loss: Evidence from Indonesia," Journal of Asian Economics, Elsevier, vol. 87(C).
    13. Maria Paola & Salvatore Lattanzio, 2025. "Parental labor market penalties during two years of COVID-19," Review of Economics of the Household, Springer, vol. 23(1), pages 327-355, March.
    14. Cerqua, Augusto & Letta, Marco, 2022. "Local inequalities of the COVID-19 crisis," Regional Science and Urban Economics, Elsevier, vol. 92(C).
    15. Lea Immel & Florian Neumeier & Andreas Peichl, 2022. "The Unequal Consequences of the Covid‐19 Pandemic: Evidence from a Large Representative German Population Survey," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 471-496, June.
    16. Giovanni Bonaccorsi & Francesco Scotti & Andrea Flori & Fabio Pammolli, 2023. "Balancing health and economic impacts from targeted pandemic restrictions," Journal of Evolutionary Economics, Springer, vol. 33(4), pages 1047-1083, September.
    17. Kubota, So & Onishi, Koichiro & Toyama, Yuta, 2021. "Consumption responses to COVID-19 payments: Evidence from a natural experiment and bank account data," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 1-17.
    18. Jones, Melanie, 2022. "COVID-19 and the labour market outcomes of disabled people in the UK," Social Science & Medicine, Elsevier, vol. 292(C).
    19. Belmonte, A & Pickard, H, 2022. "Safe at Last? LATE Effects of a Mass Immunization Campaign on Households’ Economic Insecurity," CAGE Online Working Paper Series 604, Competitive Advantage in the Global Economy (CAGE).
    20. Giorgio Di Pietro, 2022. "Changes in household income during COVID-19: a longitudinal analysis," SN Business & Economics, Springer, vol. 2(10), pages 1-20, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:socmed:v:364:y:2025:i:c:s0277953624010153. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/315/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.