Understanding the relationship between income and mental health among 16- to 24-year-olds: Analysis of 10 waves (2009-2020) of Understanding Society to enable modelling of income interventions.

Broader analysis indicates that it is likely that the range of transitory factors particular to adolescents’ lives, including education, work and relationships, mean that focusing solely on those with the lowest incomes is likely to neglect those for whom the impact may be significant and long-standing, such as those who have started work young and those who are single.

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Results show that differences between individual’s average levels of income and within individual’s changes of income are both positive and highly significant predictors of mental health.

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The within-effect squared is negative but barely insignificant.

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