Mental Health Services Strained as Concerns Rise Over Financial Distress & Suicide Risk
DUBLIN – As Ireland navigates a period of economic uncertainty despite currently healthy public finances, concerns are mounting about the adequacy of mental health support for individuals struggling with financial hardship. Recent commentary from community mental Health Awareness Training (CMAT) highlights a perceived link between economic downturns and increased suicide rates, a claim drawing attention to the need for bolstered support systems.
CMAT’s training manager, Fiona Campbell, has voiced concerns about the limited financial support services available for referral, noting a “huge fear about going back to your bank – or talking to your bank manager about support.” She advocates for expanded options beyond the existing Money Advice and Budgeting Service (Mabs) to provide broader ”guidance” for those facing financial difficulties.
While acknowledging the valuable work of Mabs, especially in areas hardest hit by rising living costs and food price inflation, Campbell emphasizes the need for ongoing lobbying and research to justify increased service provision nationwide. “There is always the sense that more should be done,” she stated.
The discussion comes as the Irish government has recently enhanced jobseekers’ payments, offering up to €450 a week for the first three months of unemployment (dependent on previous income and PRSI contributions), followed by €375 for the next three months, and then €300 for a further three months. Economists note these measures are currently affordable given the strong state of public finances, largely driven by the multinational sector.Though, experts caution that a notable economic shock - similar to the one that devastated the construction sector – coudl strain the State’s ability to sustain these enhanced payments. The potential impact of such a scenario on mental health remains unclear.
The article underscores the importance of accessible mental health resources. Individuals affected by financial distress or experiencing suicidal thoughts are encouraged to contact Pieta 24/7 on Freephone 1800 247 247 or text HELP to 51444.This renewed focus on the intersection of financial wellbeing and mental health arrives as Ireland continues to monitor economic indicators and assess the long-term sustainability of current support measures. The conversation highlights a critical need for proactive investment in mental health services to mitigate potential risks associated with future economic challenges.