By Cara Roberts Murez
THURSDAY, Sept. 3, 2020 (HealthDay News) — As millions of people struggle with economic hardships during the #coronavirus #pandemic, a new study shows that financial stressors may make people up to 20 times more likely to attempt #suicide.
The research suggests that #mentalhealthproviders should consider financial problems when deciding how best to help those who are hurting.
“We studied past homelessness, unemployment, debt and lower income, and all those financial conditions are being magnified by this #COVID #pandemic. Given those realities, it’s going to be really important for clinicians, policymakers and the public to keep in mind the link between financial strain and #suicide,” said study author Eric Elbogen. He is a professor of psychiatry and behavioral sciences at Duke University in Durham, N.C., and a core investigator for the VA National Center on Homelessness Among Veterans.
Using data from a national survey, the researchers examined the combined impacts of several sources of financial strain, rather than just one, and subsequent #suicide attempts or suicidal thoughts, Elbogen said. They analyzed survey data from 2001 to 2002 and again from 2004 to 2005. In the first wave, more than 43,000 adults participated. Of those, about 35,000 completed the second interviews.
The risk of #suicide or suicidal thoughts grew with each added financial stressor, and those who experienced all four financial stressors were 20 times more likely to attempt #suicide in the few years after the survey than those that had none of those strains.
“Focusing on one dimension may not be enough,” Elbogen said. “Income support might help, but if people misuse their money, if they haven’t gotten financial education, they could still go into debt, risk becoming homeless, and the current study shows that would increase risk of #suicide attempts.”
A practitioner who would already be attending to a patient’s substance abuse and #mentalhealthconcerns could also ask about financial stressors, jobs, risk of eviction and debt, Elbogen said.
“#Healthprofessionals can, in addition to psychotropic medications and psychotherapy, consider job retraining, vocational rehab, housing assistance, financial support systems, financial education, debt management,” he said.
Policymakers addressing the #pandemic could help prevent #suicide rates from increasing by bolstering financial well-being through job creation, housing relief and financial education, Elbogen added. National hotlines could assist #Americans with financial emergencies or existing hotlines could raise awareness about the links between financial strain and #suicide, he noted.
The study was published online Sept. 3 in the American Journal of Epidemiology.
#Suicide is a leading cause of death worldwide, and the #U.S.CentersforDiseaseControlandPrevention reported increased rates of suicide in all age groups between 1999 and 2016. Past studies have shown a decline in #suicide during times of economic prosperity and an increase during times of economic hardship.
Jill Harkavy-Friedman, vice president of research for the #AmericanFoundationforSuicidePrevention, said that many people who have financial strain will not die by #suicide or be at risk for that, nor will many people who have #mentalhealthconditions.
“#Suicide is complex. The way we think about it is there are some factors that can contribute to #suicide for people who are already at risk for other reasons,” said Harkavy-Friedman, who wasn’t part of the new study.
“We have to be cautious and understand that when somebody is facing financial #stress that could be a period of increased #stress and risk, but not for everybody. You always want to have conversations with people who are facing that kind of financial #stress and, unfortunately, that’s a time when people often are hiding their experience, so it’s all the more reason to reach out to people and have those conversations,” she added.
This becomes particularly important if you’re aware that someone in your life who may be experiencing #stress for financial or other reasons also has a history that includes major #depression, substance use or past suicidal behavior, Harkavy-Friedman said. About 90% of people who die by #suicide have a potentially diagnosable #mentalhealthcondition, she noted.
If you feel suicidal or like you don’t count, don’t want to go on or have a lot of emotional pain, you should reach out and get help, Harkavy-Friedman said. If you know someone who might be experiencing these issues, check in, have a conversation and trust your gut, she added.
If you are in crisis, call the #NationalSuicidePreventionLifeline at 1-800-273-TALK (8255) or contact the Crisis Text Line by texting TALK to 741741.
More information
Help is available at the #NationalSuicidePreventionLifeline.
James Donaldson is a Washington State University graduate (’79). After an outstanding basketball career with WSU, he went on to play professional basketball in the NBA with the Seattle Supersonics, San Diego/L.A. Clippers, Dallas Mavericks, New York Knicks, and Utah Jazz. He also played for several teams in the European Leagues in Spain, Italy, and Greece, and he toured with The Harlem Globetrotters to wrap up his career. James was an NBA All-Star in 1988 while playing center for the Dallas Mavericks. In 2006, James was inducted into the Pac-10 Sports Hall of Fame and also the Washington State University Athletic Hall of Fame. In 2010, James was elected as a board member for the NBA Retired Players Association.
James frequently conducts speaking engagements (motivational, inspirational, educational) for organizations, schools, and youth groups.
In 2010, James was the recipient of the NBA Legends of Basketball ABC Award, awarded for outstanding contributions in Athletics–Business–Community.
He believes in being a role model for success and professionalism to the scores of young people to whom he devotes so much of his time. He currently serves on several boards and committees and is a member of many organizations.
James believes in developing relationships that create a “Win-Win” environment for everyone involved, and in being the best he can be!
For more information about James Donaldson or to request he speak at your event, contact him at:
www.StandingAboveTheCrowd.com
JamesD@StandingAboveTheCrowd.com
1-800-745-3161 (voicemail & fax)
James Donaldson is the author of “Standing Above The Crowd” and “Celebrating Your Gift of Life” and founder of the Your Gift of Life Foundation which focuses on mental health awareness and suicide prevention, especially pertaining to our school aged children and men.
If you’re interested in having James come and speak to your group of young adults, business entrepreneurs, aspiring political and community leaders, and athletic teams, please contact him at jamesd@yourgiftoflife.org and or leave a personal message for him at 1-800-745-3161. Keep up with him and read about how he is reaching out and making a difference in the lives of so many around the world at www.yourgiftoflife.org
