The Cost of the Great Recession: As Many as 20,000 Lives

Study: Great recession increased suicide rates by 10,000
While the toll of the Great Recession is usually viewed in monetary terms, it cost a lot more than money for many families. According to a research paper published in the British Journal of Psychiatry, there were at least 10,000 additional suicides, and as many as 20,000, which took place in Canada, Europe, and the United States during the years of the Great Recession.

The researchers were able to find data showing suicide rates dramatically increased between 2008 and 2010 when millions of people lost their jobs and homes, while many others ended up taking on large amounts of debt. In some cases, as with Europe in Canada, the suicide rates during these years reversed the downward trend thes


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One Response to The Cost of the Great Recession: As Many as 20,000 Lives

  1. Daniel says:

    You know, by the time you mentioned Australia and Sweden, I thought you’d start blabbering about minimum wage, high income taxes etc. But I’m glad you’ve rather emphasized the importance of individual actions, like building an emergency fund and paying debt down. People can’t place responsability on the government for everything if they aren’t doing anything themselves to make their situation better. Great article.

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