Is the state of the Economy Causing Unusual Levels of Stress and Depression within the Population?
Although recessions are commonplace, this particular recession is making a lot of economists and average people nervous as well. The average person is losing his or her home through bankruptcy, and losing his or her job while battling fuel and food costs. The dollar must stretch further even though it is worth less. To further add to the crunch and subsequent paranoia, big mammoth corporations such as AIG, going under due to sub prime mortgage loans, and Chrysler and General Motors in the auto industry, are in economic distress. Government bailouts have been handed out in the billions of dollars.
Who wouldn’t be depressed in times like these?
According to www.faireconomy.org, Blacks are suffering from a silent depression with 12% of the Afro American population out of work. These staggering figures are reaching the numbers and even surpassing those of the Great Depression of 1929. Faireconomy.org continues to say, “Overall, 24% of Blacks and 21% of Latinos are in poverty, versus 8% of white.”
Christina Positano wrote that four million Americans are collecting unemployment. This staggering figure represents the highest amount of recipients in 26 years.
The state of the economy is affecting students who already have clinical depression. During a University Depression screening 24 out of 56 students at Stony Brook University reported that worries over their economic future was adding more stress to their existing levels of stress and depression anxiety. For a student already experiencing depression the thought of looking for a job in these bad times can be overwhelming.
According to the United States Department of Health, the overall unemployment rate for people with mental illness is over 90 percent and many of these individuals are chronically depressed.
Other clinically depressed individuals are now worried over the rising health care cost even if they do in fact hold down a job. Some people are afraid that government will group all people with disabilities into the same classification and distribute uniform disability payments regardless of the cause for disability.
Montrealers do not have to face the rising cost of health care but they do have to face the sluggish economy and the high rates of unemployment which are making them depressed as well.