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What is Blue Monday and why is it ‘the most depressing day’ of the year?

AS the new year begins, the holiday excitement dies down and we return to normality, many experience the winter blues.

However, one particular day in January is dubbed ''the most depressing day of the year'' - and here's why.

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What is Blue Monday?

Blue Monday is calculated using a series of factors in a formula, although it is not particularly scientific.

The factors used to base the date of Blue Monday include weather conditions and debt level. Other factors include the amount of time since Christmas, and the time it typically takes for people to begin failing their New Year resolutions, and generally lose motivation.

The first date declared was January 24, 2005, after Dr. Cliff Arnall, a tutor at Cardiff University's Centre for Lifelong Learning, was asked to work out the most depressing day of the year.

The concept was then revealed in a press release by a UK travel company, Sky Travel, to be the most depressing day of the year.

Scientists have dismissed the idea as baseless pseudoscience.

When is Blue Monday 2023?

Blue Monday usually falls on…

Mostly Downside Monday

Monday's Europe rates / bond options flow included:

• OEH3 117.50/116.50ps vs 118.50c, bought the ps for -10 (receive) in 5k
• RXH3 136.00/134.00ps vs RXH3 140.50/142.5cs, sold the cs at flat in 5k
• RXH3 142.50/144.50/145.00c ladder, bought for 9 in 3.5k
• ERH3 96.87/97.37cs, sold at 16.25 in 2.5k
• ERU3 96.50/96.37/96.25p fly bought for 1 in 1.5k
• 0RJ3 97.00^, bought for 43.5 in 2k
• SFIH3 95.40/95.60cs, bought for 18 in 2k

What is Blue Monday and is it really the most depressing day of the year?

"Blue Monday" falls every year on the third Monday in January. It is, supposedly, the most depressing day of the year, often attributed to a cocktail of poor weather, the post-Christmas lull, stretched finances and unattainable New Year's resolutions. 

But is it actually the saddest day of the year? The short answer is “no.” The term "Blue Monday" was first coined in 2004 by Cliff Arnall, a psychologist and motivational speaker, after he was approached by now-defunct British travel firm Sky Travel to come up with a formula to determine the year's most depressing day. Blue Monday subsequently became the centerpiece of a Sky Travel advertising campaign designed to encourage holiday bookings that would, the company suggested, alleviate some of Blue Monday's misery.

However, Arnall's calculation has been roundly rejected by the scientific and academic community. 

"The winter blues are a natural response to the Christmas break and festivities ending, but pathologizing such normal feelings into some form of 'acute depression' like Blue Monday is wrong," said Craig Jackson, (opens in new tab) a professor of occupational health psychology at Birmingham City University in England. "The ethics are questionable at best. There is no credible research evidence to show…