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February 2026
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Can Therapy Help With Economic Anxiety And The Cost of Living?

Over the past year, economic uncertainty has become a more prominent feature of everyday life. Headlines about weak job figures, redundancies, and hiring freezes sit alongside the steady rise in the cost of living. Rent, food, energy and transport costs continue to increase, while wages often struggle to keep pace. According to the Office for National Statistics, many households in the UK are experiencing sustained financial pressure as everyday costs remain elevated and savings are eroded.

For many men, this combination creates a sense of pressure that is difficult to switch off. The anxiety does not always present as acute distress. More often, it manifests as persistent tension, difficulty relaxing, and a sense of unease about the future. You may still be working, paying your bills, and functioning well in daily life. From the outside, things appear stable. Internally, however, you might feel less secure than you normally would. 

Why Economic Pressure Can Feel So Mentally Draining

Financial stability plays an important role in how many men experience safety, agency, and progress. When the wider economic environment feels unpredictable, it can undermine that stability even in the absence of an immediate crisis. Job insecurity, or the perception that opportunities are narrowing, often creates a low-level alertness that never fully settles.

This response is increasingly common. Research from the Mental Health Foundation shows that financial worries linked to the cost-of-living crisis are now one of the most frequently reported causes of anxiety in the UK population.

Unlike short-term stressors, economic uncertainty rarely has a clear endpoint. There is no obvious action that resolves it, and no guarantee that effort will be rewarded with security. Over time, this can leave the nervous system in a state of prolonged vigilance. Men may notice irritability, difficulty concentrating, disrupted sleep, or a persistent sense of being on edge. These are not signs of weakness, but natural responses to sustained uncertainty.

The Cost of Living and the Erosion of Mental Space

Rising living costs can also have a subtler psychological impact. As everyday expenses increase, mental space often contracts. Decisions that once felt straightforward begin to carry more weight. Spending money on yourself may come with hesitation or guilt. Planning ahead can feel risky rather than reassuring.

Polling by the Money and Mental Health Policy Institute found that nearly six in ten UK adults say the cost-of-living crisis has negatively affected their mental health, with many reporting increased anxiety, sleep problems, and difficulty concentrating.

Even when finances are technically manageable, the feeling of having less margin for error can quietly erode a sense of ease. For many men, this tension becomes normalised and folded into the background of daily life, and is rarely acknowledged or discussed.

Why This Kind of Anxiety Is Often Minimised

Economic anxiety is easy to dismiss because it doesn’t always look severe enough to justify concern. There may be no debt, no job loss, no obvious breaking point. Comparisons with others who appear worse off can reinforce the belief that feeling unsettled is unwarranted.

However, long-term uncertainty places a measurable strain on mental wellbeing. Analysis from King’s College London found that ongoing financial pressure is strongly associated with anxiety, low mood and sleep disturbance, particularly where uncertainty persists over time.

When the future feels unpredictable, the nervous system often remains activated. This makes it harder to rest, reflect, or feel settled in the present, even when day-to-day life appears functional.

Can Therapy Help With Economic Anxiety? 

There is no simple solution to economic instability, and therapy cannot change external conditions. What it can offer, however, is a space to explore how these pressures are being carried internally. For some men, therapy provides the first opportunity to speak openly about fear, responsibility and insecurity without minimising or rationalising those feelings.

Understanding how economic pressure is shaping your thoughts, behaviour and relationships can reduce its hold. Rather than remaining in a constant state of quiet alertness, it becomes possible to develop a steadier internal response to uncertainty.

A Reasonable Response to an Uncertain Context

Feeling anxious in the face of economic uncertainty is not a personal failing. It reflects the reality of living in an environment where stability feels less assured and future planning feels more fragile. Paying attention to that experience, rather than dismissing it, can be an important step in protecting long-term mental wellbeing.

For men who find that financial or job-related worries are taking up more mental space than they would like, therapy can offer a way to regain balance and perspective. Not as a response to a crisis, but as support during an unsettled period.

If you would like to explore this further, our therapist directory offers access to local counsellors and therapists who work specifically with men, across a range of approaches and areas of experience.

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Disclaimer: 

This article is for information only and reflects the thoughts of the writer. It's not medical or mental health advice. Seek professional help for your needs. Men's Counselling Service LTD is not a crisis service. For emergencies, call your local services or the Samaritans at 116 123.