BY JOHN ELLIS, FINANCIAL ADVISOR
Escalating energy costs and rising living expenses are placing financial strain on households, driving many to reconsider daily budgets and lifestyle changes.
Income disparity continues to drive poverty rates, leaving many households unable to meet basic needs. Housing costs remain inflated, aggravated by a low housing supply and high rent which also contributes to homelessness. Educational funding shortfalls and inadequate access compound these challenges, affecting future generations’ opportunities and overall well-being.
A recent Mental Health Ireland’s survey, released as part of World Mental Health Day, paints a concerning picture of the mental health landscape. The healthcare sector suffers from long waiting lists and staffing shortages, reducing access to critical mental health services.
Although 89% of respondents take steps to support their mental health weekly, only 10% practice daily self-care. Barriers like time and financial limitations were the top obstacles, with 32% of people citing time and 31% citing money as deterrents. The survey revealed a deeper gender disparity: 54% of women aged 25-34 reported that financial constraints prevented them from actively supporting their mental health. For young men it’s different, the challenge is social; many expressing a reluctance to seek support due to a lack of similar behaviour in their social circles.
Despite these barriers, many still prioritise spending time with loved ones (71%), exercising (70%), and enjoying nature (53%) as accessible ways to boost their mental health. With 99% acknowledging the benefits of nature, there’s widespread agreement that mental health care need not be costly.
The survey results underscore a vital need for greater support and resources across all age groups, with a particular emphasis on learning to manage stress, anxiety, and general mental well-being. Mental Health Ireland has responded by offering free webinars and tools aiming to make mental health care accessible and practical.
Jo Donohoe, National Development Manager for Mental Health Ireland’s Programmes, emphasised that mental health support should be available for all, regardless of income or time constraints. “There’s lots of simple ways we can mind our mental health every day,” she noted, suggesting activities like sharing a quick coffee with a friend, walking in a park, or just taking a moment to enjoy nature. These small actions can be transformative, even amidst Ireland’s broader economic and social issues.
With rising financial burdens and shared challenges, focusing on accessible and affordable mental health practices is essential. We are being encouraged to explore simple daily actions to safeguard mental health. Mental Health Ireland’s offers free webinars, which are based on the Five Ways to Wellbeing: Connect, Be Active, Take Notice, Keep Learning, and Give.
As Ireland navigates these challenges, solutions must address not only economic and general issues but also the mental health of its citizens. Mental Health Ireland’s initiative underscores that well-being is within reach for everyone, calling on individuals and policymakers alike to prioritise connection, support, and mental health education.
By building a culture that values mental wellness we can better equip ourselves to face the complex challenges ahead. Life is not all about money, is it?
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