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  1. In this study, we identify the effect of large wealth losses on mental health by focusing on the immediate and largely unexpected declines in the net worth of U.S. households brought on by the stock market crash that occurred in the fall of 2008.

  2. Sep 6, 2016 · Overall, the financial crisis in Europe seemed to have had heterogeneous effects on health outcomes, with the evidence being most consistent for suicides and mental health. There is a need for better empirical studies, especially those focused on identifying mechanisms that can mitigate the adverse effects of the crisis.

    • Divya Parmar, Charitini Stavropoulou, John P A Ioannidis
    • 2016
  3. Economic recessions lead to increased levels of mental illness, suicide and suicidal behaviour. • Rises in redundancies and unemployment as a result of the 2008 recession were greatest in young people, particularly males. • Key stressors include job loss, financial difficulties, debt, loss of home and relationship stresses.

  4. Overall, studies reported detrimental impacts of the Recession on health, particularly mental health. Not only did individuals experiencing job loss, financial strain, and housing distress exhibit increased risk of psychological distress, but psychological distress, diagnosed disorder, and suicide all appeared to increase at the population level.

  5. For example, associations between exposure to the GFC and reduced mental health have been observed, suggesting an increased risk of poor self-reported mental health (SMH),1–3 increased symptoms of depression/anxiety2 4 –8 and suicide/suicide ideation.9 –19 Evidence also suggests a likely association between the GFC and problem-atic alcohol drink...

  6. Sep 6, 2016 · Curl and Kearns 28 examined the effect of financial difficulties on mental health in deprived areas of Glasgow and found that decreased affordability was associated with declining mental health.

  7. The review finds that the 2008 financial crisis had negative effects on mental health, including suicide, and to a varying extent on some non-communicable and communicable diseases and access to care.

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