Intimidating debt collectors and irresponsible lending are to blame for thousands of suicides in Briton, according to a new report on Wednesday.
Researchers with England's University of Brighton found that many people who are already struggling with wage freezes, benefit cuts, and the economic slowdown in the country are feeling overwhelmed after they are harassed by money lenders.
NBC News reports that the report stated:
"Debt clients frequently feel humiliated, disconnected and entrapped, with the process of debt collection having a clear impact on people's mental health."
"The government must take urgent action to tackle the problem of irresponsible lending and intimidatory collection tactics which has left thousands of people trapped in a spiral of debt and at risk of depression and even suicide."
"These figures ... reveal the profound human consequences of the economic downturn, in which unemployment, debt and the relationship breakdowns that often follow can push people who may already be vulnerable to take their own lives."
The trend in the UK is one reflected in other Western countries hit hard by recessions. The report was launched by British parliamentarian Molly Meacher, who stated that there are also cases of people not eating properly and asking their young children for money to tide them over.
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