Perceived manageability of debt and mental health during the COVID-19 pandemic: A UK population analysis

Mark Shevlin, Enya Redican, Philip Hyland, Sarah Butter, Orla McBride, Todd K. Hartman, Jamie Murphy, Frédérique Vallières, Richard P. Bentall, Omar Mohammad Ali Khraisat (Editor)

Research output: Contribution to journalArticlepeer-review


Objectives: This study examined the association between perceived manageability of debt and risk of depression, anxiety, and mental health help-seeking among a nationally representative sample of adults living in the United Kingdom (UK). Methods: Data was derived from the COVID-19 Psychological Research Consortium (C19PRC) Study Wave 6 (August/September 2021) which examined the psychological, social, and economic effects of the COVID-19 pandemic on the UK adult population. Bivariate and logistic regression analyses were conducted to determine the association between different levels of perceived debt manageability (i.e., “easily manageable”, “some problems”, “quite serious problems”, “very serious problems”, “cannot manage at all”) and mental health related outcomes. Results: Almost a quarter of the sample (24%, n = 494) reported debt management problems, and debt manageability associated with higher levels of anxiety, depression, and mental health help-seeking. After adjusting for demographic variables (e.g. income, receipt of benefits), logistic regression analysis demonstrated a dose-response association between increasing levels of debt manageability problems and mental health outcomes. Specifically, adjusted odds ratios for anxiety ranged from 2.28 (‘some problems’) to 11.18 (‘very serious problems’), for depression ranged from 2.80 (‘some problems’) to 16.21 (‘cannot manage at all’), and for mental health help-seeking ranged from 1.69 (‘some problems’) to 3.18 (‘quite serious problems’, ‘very serious problems’). Conclusion: This study highlights that debt manageability problems represent a robust predictor of depression, anxiety, and mental-health help seeking.
Original languageEnglish
Article numbere0274052
Pages (from-to)1-13
Number of pages13
JournalPLoS ONE
Issue number9
Publication statusPublished - 21 Sep 2022

Bibliographical note

Funding Information:
: The initial stages of this project were
supported by start-up funds from the University of
Sheffield (Department of Psychology, the Sheffield
Methods Institute and the Higher Education
Innovation Fund via an Impact Acceleration grant
administered by the university) and by the Faculty
of Life and Health Sciences at Ulster University.
The research was subsequently supported by the ESRC under grant number ES/V004379/1 and
awarded to RPB, TKH, MS, JM, and OM. The
funders had no role in study design, data collection
and analysis, decision to publish, or preparation of
the manuscript.


  • Research Article
  • Medicine and health sciences
  • Social sciences
  • Biology and life sciences


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