Or view hourly updated newsfeeds in your RSS reader:Keep up to date with the latest news from ScienceDaily via social networks:Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Specifically, each hardship experienced was associated with an increased likelihood of having symptoms of depression, generalized anxiety, panic, or problems with drug use. But opting out of some of these cookies may have an effect on your browsing experience.Hardship During the Great Recession Linked With Lasting Mental Health DeclinesWe use technologies, such as cookies, to customize content and advertising, to provide social media features and to analyse traffic to the site. Professor Eric Knight has been appointed as Executive Dean of Macquarie Business School succeeding Professor Stephen Brammer who served as the inaugural Dean before his departure to The University of Bath, UK earlier this year.A Macquarie University PhD candidate has been announced as the recipient of a prestigious Fulbright Scholarship.Macquarie University researchers have been awarded three grants under the Australian Research Council Linkage Project scheme. These associations may reflect that fact that experiences such as "moving in with friends or family to save money" or "selling possessions to make ends meet" likely signal a substantial loss of assets and a considerable level of hardship for people who were previously living comfortably.The researchers note that the observational nature of the MIDUS data does not allow them to conclude that recession hardships caused an increase in participants' symptoms. But when the researchers looked at mental-health outcomes in relation to the hardships individuals experienced as a result of the Great Recession, the analyses told a different story. Association for Psychological Science. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. "And these odds were higher still in specific sociodemographic groups who suffered marked losses during the recession or without a strong safety net.

"These findings may be particularly pertinent given some indications that the next period of economic contraction might begin as early as 2020," she adds.Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. “By looking at individuals’ mental health and experiences of the recession, we could see a different picture.”“Individuals who experienced even a single recession impact still had higher odds of nearly all of the adverse mental health outcomes we examined – including clinically significant symptoms of depression, generalized anxiety, panic, and problems with drug use – three years after the recession,” Forbes explains. These associations may reflect the relative lack of safety net available to people in the job market who have fewer qualifications, or who rely on a single income.The analyses also showed that people with greater financial advantage were particularly affected by some hardships. However, the findings do reveal the limited perspective afforded by aggregate-level analyses – understanding people’s actual lived experiences requires analyses that examine individual-level outcomes and changes over time.The Great Recession of 2007 to 2009 resulted in huge losses to employment, earnings, assets, and income in the United States and this research shows that those losses were associated with lasting negative mental health outcomes for many individuals.“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 Forbes.“These findings may be particularly pertinent given some indications that the next period of economic contraction might begin as early as 2020,” she adds.This work was supported by the National Institute on Drug Abuse (T32-DA037183), the Australian Research Council (FL150100096), and a Macquarie University Research Fellowship.All data have been made available via the Interuniversity Consortium for Political and Social Research (Our research discoveries benefit the world we live in, with bold new solutions for national and global challenges.Our research discoveries benefit the world we live in, with bold new solutions for national and global challenges.

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