Suicide Rate Increased Over 4 Times Faster During Recession

The Tragic Cost Of Recession
|
Open Image Modal
bankrupt

LONDON, Nov 5 (Reuters) - Suicide rates in the United States have risen sharply since the economic crisis took hold in 2007 and political leaders should do more to protect Americans' mental health during tough times, researchers said on Monday.

In a letter to The Lancet medical journal, scientists from Britain, Hong Kong and United States said an analysis of data from the U.S. Centers for Disease Control and Prevention showed that while suicide rates rose slowly between 1999 and 2007, the rate of increase more than quadrupled from 2008 to 2010.

"There is a clear need to implement policies to promote mental health resilience during the ongoing recession," said Aaron Reeves of Britain's University of Cambridge, who led the research and submitted it in a letter to The Lancet.

"In the run-up to the U.S. presidential election, President Obama and Mitt Romney are debating how best to spur economic recovery, (but) missing from this discussion is consideration of how to protect Americans' health during these hard times."

According to Reeves' analysis, around 1500 more people a year in the United States have committed suicide since 2007 compared to numbers that would have been expected if the 1997 to 2007 trends had continued.

The model used to analyse the data - one also recently used to estimate the effect of recession on suicide rates in England - showed unemployment may account for around a quarter of the excess suicides in the U.S. since 2007, Reeves said.

Similar rises in suicide rates have also been found in Greece, Spain, Britain and other countries hit by economic recession and rising unemployment in recent years.

"Suicide is a rare outcome of mental illness, but this means that these data are likely the most visible indicator of major depression and anxiety disorders among people living through the financial crisis," Reeves said.

(Reporting by Kate Kelland; Editing by Stephen Powell)

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost

Before You Go

Troubled Executives
Russell Wasendorf Sr., PFGBest CEO(01 of05)
Open Image Modal
After discovering that his brokerage firm PFGBest had lost over $200 million worth of customer funds, CEO Russell Wasendorf Sr. attempted suicide outside the firm's Iowa headquarters. (credit:Facebook)
Eli M. Black, Former Chairman of United Brands Co.(02 of05)
Open Image Modal
Eli Black committed suicide after it was discovered that he offered a $1.25 million bribe to a Honduran official in 1975, TIME Magazine reported at the time. (credit:AP)
David B. Kellermann, Former CFO of Freddie Mac(03 of05)
Open Image Modal
Following the 2008 Financial Collapse, co-workers reported that Mr. Kellermann worked himself to exhaustion. He killed himself in 2009. (credit:AP)
J. Clifford Baxter, Former Vice Chairman of Enron(04 of05)
Open Image Modal
Just weeks after Enron filed for bankruptcy, J. Clifford Baxter committed suicide in January 2002, CNN reported at the time. (credit:AP)
Rene-Thierry Magon de la Villehuchet, Former Madoff Investor(05 of05)
Open Image Modal
Rene-Thierry Magon de la Villehuchet invested $1.4 billion into Bernie Madoff's investment fund. When it was discovered that the fund was a ponzi scheme and he had lost everything, he killed himself, the BBC reported at the time. (credit:AP)