economic

• Health and wellbeing can be affected by a number of key money-related or economic factors.
• Income is the amount of money that households receive.

  People with a low income are most likely to suffer ill health and reduced opportunities for personal development.
• Low income has led to a rise in the amount of people using food banks. People often use food banks when they are unable to afford to buy food themselves and their family.
• By the age of three, children from poorer families are estimated to be about nine months behind children from wealthier families and by 14 years old are nearly a year and a half behind.
• People on low incomes have limited choices compared to those who earn more.
• Professional people on a higher income live on average 8 years longer than unskilled workers on low wages.
• Children born in the poorest areas of the UK weigh on average 200 grams less at birth than children who are born into wealthier families and have a higher mortality at birth.
• Employment status is characterised by whether a person is in work or not, the type of work they do and the type of contract they have.
• Work that is low paid, has low status or is temporary puts additional stress on individuals which can lead to ill health and possibly depression
• Work that has high status, responsibility and is well paid and secure can boost health and well-being and result in high self-esteem.
• The impact of employment status on health varies according to age, gender and ethnicity.
• poorer families struggle to afford the cost of education and are more likely to have children in low-quality schools than more wealthy families
• wealthier families can afford a healthier and more nutritious diet than those who can only buy more affordable options.
• people who struggle with their income are more likely to struggle with their health and accessing healthcare options.
• people who struggle with their income tend to turn to the overuse or mistreatment of alcohol/drugs to overlook their problems and use them as a coping mechanism for stress.