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Financial crunch causes stress in more than a million Brit homes | More than a million British households are facing stress at home with rows amongst couples becoming more and more frequent because of money related woes. With lifestyles
taking a different turn - for some because they can't enjoy as they did before,
and for those who have had to come back home because they can't afford to live
away from home - family strifes are not uncommon these days. More than 340,000
families have seen older children return to the family home due to financial problems
or to enable them to save money. A further 513,000 families have seen grown-up
children unable to fly the nest due to the fallout of the economic downturn, according
to the survey. "Economic stress has substantial effects on families. It impacts
on the parents, causing irritability, marital discord and depression. "This in
turn affects the quality of care they are able to provide their children - stressed
parents are more short-tempered and less warm. "The children may observe rows
or parental anxieties about money. Children and adolescents in financially stressed
homes are at greater risk of psychological ill health. "Recessions may last only
a few years in boom-bust economies like Britain 's, but the impact on vulnerable
families can be much more enduring," The Scotsman quoted Psychologist Professor
Kevin Durkin, of the University of Strathclyde , as saying. Steve Reid, retail
director of Clydesdale and Yorkshire banks - which assist customers whose financial
situations have changed and who may face difficulties without advice and support
- said, "There is no question that financial concerns create stress in family
relationships. "It is important that people understand that help is available
and that the sooner they seek it out, the better. "Hiding from the possibilities
only increases the stress at home and the likelihood the situation will get worse."
"The advice we give through our Financial Solutions Unit can take the sting out
of a change in financial circumstances, providing that initial breathing space
then the ability to manage your finances over the longer term," he added. |
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