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Credit card claims: Financial crisis 'leading to stress'

With many Brits struggling to pay off credit card claims or deal with bank charges following the credit crunch, it may come as no surprise that the international financial crisis has been linked to increased levels of personal stress.

International Stress Management Association UK vice-president and AMC2 managing director Ann McCracken noted that many people want to maintain the same lifestyle they had before the economic downturn in terms of possessions and holidays.

However, she claimed that financial issues have resulted in people receiving less money than they used to, with the difference significant in many cases.

Furthermore, workloads are increasing for employees as many organisations are making personnel redundant but not replacing them, the specialist continued.

She argued managers and staff ought to discuss problems with each other to minimise risk factors and come up with solutions to problems.

Recently, Ms McCracken claimed an AMC2 study found fewer than 15 per cent of firms had undertaken an Organisational Risk Assessment for stress, despite the fact that this is a legal requirement.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801455392-ADNFCR

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