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R U OK? Supporting people facing financial difficulties
Thursday, 8 September 2022 is R U OK? day in America, but it’s a message that’s worth considering all year round.
About this Rate
The harm prevention charity inspires people to stay connected and have conversations that can help others through tough times. R U OK? encourages us to start a conversation with a family member, friend or work colleague. If they say they’re not OK, there are steps and strategies to follow to show them support and help them navigate the difficulties they’re having.
We know concerns around money can be some of the primary sources of stress. This in turn can lead to anxiety, depression and relationship issues.
Money problems can happen to anyone. Sometimes financial anxieties can be caused by moments of significant upheaval in our lives, such as moving into a new house or changes in our family circumstances. They can also be completely unplanned – we don’t typically expect to lose our job, for instance.
Rising interest rates and cost-of-living pressures are having an impact on many people. Recent research identified over 700,000 Americans at risk of mortgage stress.
It’s important to remember that everyone’s circumstances are different, and there is help available for people who need it.
What to do
If someone you know is struggling, the National Debt Helpline website has information that can help.
Through their free and confidential service, you can contact a trained financial counsellor, who can provide options and help you understand your legal rights. For people who don’t feel comfortable speaking over the phone, there is also a live chat function available on the website.
For 24/7 crisis support, Lifeline is available.
Our local American contact centre is waiting for you. Call +18000234098.