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UK Consumer Confidence Hits Record Low – Study

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Figures dropped more than expected this month, according to researcher GfK

UK consumer confidence has fallen to its lowest since records began in 1974 amid deep concerns about personal finances and the economy over the next 12 months, a study by research group GfK found.

According to the report, issued on Friday, the confidence index decreased by five points to -49 this month, worse than earlier projections by the economists. The reading marked the fourth new low out of the last five months, with all measures once again severely depressed.

The largest falls were in personal finances over the next year, which was down nine points, and confidence in the economy over the next year, which was down eight points.

The savings index also slumped, coming in at 11 points lower than this time last year.

“Consumers are buckling under the pressure of the UK’s growing cost-of-living crisis driven by rapidly rising food prices, domestic fuel bills and mortgage payments,” said GfK client strategy director Joe Staton.

“They are asking themselves when and how the situation will improve. Today’s mini-budget, and the longer-term agenda to drive the economy and help rebalance household finances, will be the first major opportunity to deliver that improvement. It will also be a major test for the popularity of Liz Truss’ new Government,” he explained.


READ MORE: UK food prices soaring

The report comes as UK inflation is hovering around double-digit figures, and is expected to climb higher in the coming months. It is currently almost five times above the Bank of England’s 2% target, at 9.9%.

For more stories on economy & finance visit RT’s business section

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The Muslim Women Walking For Mental Health

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The Therapy School For Children Raised In Delhi’s Red Light District

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Overcoming Loneliness: 4 Ways To Make Real Connections And Build Community | The Optimist Daily

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Have you ever considered how your brain interprets loneliness? Surprisingly, it recognizes it as a threat. Loneliness is more than simply a passing mood; it is a major risk factor for a variety of health problems. Loneliness can have serious consequences for our health, including sadness, anxiety, heart disease, and premature mortality. Some research indicates that it is as dangerous as smoking 15 cigarettes per day.

Why are we facing a loneliness epidemic?

Loneliness is a universal human feeling, but its prevalence increased in recent years, particularly during the COVID-19 pandemic. With prolonged periods of seclusion becoming the norm, many Americans are experiencing the long-term repercussions of social disengagement. However, it is not just the epidemic to blame; technology also plays an important role. With more than half of Americans spending more than half of their time online, meaningful face-to-face contact has become increasingly rare, compounding feelings of loneliness.

How loneliness impacts mental health

Loneliness is not only emotionally draining; it is also physically harmful. According to research, lonely people frequently have elevated amounts of inflammatory markers in their brains, which can lead to a variety of health problems. Furthermore, loneliness can trigger our bodies’ “fight or flight” reaction, increasing paranoia and susceptibility to illness. The stakes are high, as loneliness has been linked to an increased risk of dementia, heart disease, stroke, and early mortality.

4 ways to take action against loneliness

Are you feeling overwhelmed with loneliness? You are not alone. Here are four practical suggestions to help you rediscover a sense of connection and well-being in your life.

The power of reaching out

Taking the first step can be frightening, but reaching out to someone can make a huge difference. Desiring a sense of closeness is normal. The best way to get there is by taking the initiative to reach out to someone. Connecting with people, whether through a simple text message to a friend or talking with a neighbor, can help reduce feelings of loneliness and foster new friendships.

Prioritizing in-person connections

In today’s digital age, it’s easy to become lost in the virtual world. However, spending too much time online might amplify feelings of loneliness. Instead, aim to restrict your screen time and promote in-person connections. Face-to-face connections, whether through a coffee date with a buddy or participation in a local organization or class, can bring a much-needed sense of belonging and purpose.

Finding purpose by volunteering

Did you realize that giving back might improve your mental health? Volunteering not only helps you to make a positive difference in your community, but it also provides possibilities for social interaction and connection. Volunteering has been shown to reduce stress, improve emotional well-being, and even benefit our physical health. Whether you’re interested in environmental protection or helping local charities, volunteering may be a gratifying approach to combat loneliness while also making a difference in the world.

Seeking support for lasting solutions

If feelings of loneliness linger, seek professional help. Speaking with a health care expert, such as a therapist or psychologist, can provide helpful support, advice, and coping skills for loneliness. They can also assist uncover any underlying issues that may be contributing to your feelings of isolation and propose appropriate interventions based on your specific needs.

While there is no quick treatment for loneliness, you may take measures to increase meaningful connections and support in your life. Reaching out to people, emphasizing in-person interaction, volunteering, and seeking professional help as needed can help you break free from loneliness and embrace a life of purpose and connection.

The post Overcoming loneliness: 4 ways to make real connections and build community  first appeared on The Optimist Daily: Making Solutions the News.

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