Hardship during the Great Recession linked with lasting mental health declines
People who suffered a financial, housing-related, or job-related hardship as a result of the Great Recession (which officially lasted from December 2007 to June 2009) were more likely to show increases in symptoms of depression, anxiety, and problematic drug use.
"These findings suggest the adverse effects of the Great Recession on individuals' mental health likely compounded and prolonged its economic costs, highlighting that government-funded mental health support following financial recessions may not only ease individuals' burdens, but could be a sound financial investment that may act to stimulate faster economic recovery following future recessions," says the lead researcher.
"These findings may be particularly pertinent given some indications that the next period of economic contraction might begin as early as 2020," she adds.
Source: https://www.sciencedaily.com/r.../09/190903120522.htm