Financial crisis increases the risk of depression relapse

Mota-Pereira, Jorge

doi:10.1016/j.jpsychires.2014.11.008

Cited by 4 publications

(4 citation statements)

References 16 publications

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“…In addition, lower-income workers are more likely to have their earnings reduced and are more likely to have lost their job 51 . Therefore, there is a need to protect the economically vulnerable people in times of financial crisis 52 . Another risk factor for anxiety and depression among Brazilian physiotherapists was loneliness.…”

Section: Discussionmentioning

confidence: 99%

Brazilian physiotherapist anxiety and depression during the COVID-19 pandemic: a cross-sectional survey

Capellini,

Paro,

Vieira

et al. 2023

Ciênc. saúde coletiva

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This study investigated the prevalence and the potential risk factors for anxiety and depression among physiotherapists during the pandemic. Physiotherapists answered a web-based questionnaire including 1) sociodemographic, professional and clinical information; 2) psychosocial demands; and 3) two validated questionnaires to measure anxiety and depression. Binary logistic regression identified the risk factors by means of odds ratio (OR) and 95% confidence interval (CI). In 417 participants, there was a high prevalence of anxiety (48.2%) and depression (53.0%). The risk factors for anxiety were female sex (OR 2.07; 95%CI 1.01-4.24), worsening in sleep patterns (OR 3.78; 95%CI 1.92-7.44), moderate (OR 2.24; 95%CI 1.00-5.00) and extreme concern about financial issues (OR 3.47; 95%CI 1.57-7.65), and extreme loneliness (OR 3.47; 95%CI 1.71-7.07). The risk factors for depression were female sex (OR 2.16; 95%CI 1.03-4.55), low family income (OR 2.43; 95%CI 1.21-4.89), worsening in sleep patterns (OR 5.97; 95%CI 3.02-11.82), extreme concern about financial issues (OR 2.61; 95%CI 1.15-5.94), and extreme loneliness (OR 4.38; 95%CI 2.00-9.63). This study found a high prevalence of anxiety and depression in the studied population and identified risk factors for both.

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Section: Discussionmentioning

confidence: 99%

Brazilian physiotherapist anxiety and depression during the COVID-19 pandemic: a cross-sectional survey

Capellini,

Paro,

Vieira

et al. 2023

Ciênc. saúde coletiva

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“…Dispossession, like any crisis, can cause poor mental health, depression, and attempted or completed suicide (Pereira, 2015). While none of the individuals in this study has threatened suicide, they were depressed, anxious, and clearly unhappy with their predicament.…”

Section: A Better Waymentioning

confidence: 99%

“…They are also consistent with the results of studies which indicate that unemployment or loss of income can lead to a cycle of psychiatric conditions, major depressive disorders, and alcohol abuse. It has also been well established in studies in counseling that the feelings of loneliness, hopelessness, and social isolation, which all the individuals exhibited, increase the chances of major depression or depressive relapses and suicidal behaviors (Chang et al , 2009; Pompili et al , 2014; Pereira, 2015).…”

Section: A Better Waymentioning

confidence: 99%

Marketing dispossession

Koku

Acquaye

2017

IJBM

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Purpose The purpose of this paper is to examine the mental state and the disposition of those who have fallen on hard times during the recent financial crisis and have had their homes foreclosed on or their automobiles repossessed. It also proposes an alternative process for dispossessing individuals that preserves the mental health of such individuals and the banks’ reputation. Design/methodology/approach This study uses the hermeneutics approach to analyze the predicament of those whose homes have been foreclosed on or whose properties have been repossessed by financial institutions to better understand their predicament. Findings Those whose homes have been foreclosed on or whose properties have been repossessed by financial institutions are traumatized. They feel victimized, bitter, helpless and hopeless and have poor mental state. The study draws on theories in counseling psychology to propose an alternative approach to making loans that take long time to be repaid (long-term loans), and for repossessing personal properties such as automobiles and for foreclosing on real property (homes). Research limitations/implications As a qualitative study based on a small sample, the findings of the study are limited to only those who have been studied. A further study that leads to a generalized result will be useful. Practical implications The study develops a practical framework that could be useful to financial institutions in making long-term loans and to foreclose on delinquent loans (i.e. to dispossess individuals). Social implications The proposed strategy, if implemented, could have a significant positive impact on the mental well-being of those who have fallen on financial hard times. Originality/value To the best of the knowledge, this is the first marketing paper that has explored the mental health of those who have defaulted on loans, and has proposed an alternative approach to making long-term loans that not only preserves the mental health of banks’ customers, but also protects the reputation and market share of banks.

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“…The WHO report [27] and other research on the effects of economic crisis, concluded that physical and psychological health are the individual variables which are most sensitive to economic changes [19, 28, 29, 30, 31]. In particular, according to the WHO [12] people suffering chronic pain or chronic disease have two to three times higher risk of suicide than the rest of the population.…”

Section: Introductionmentioning

confidence: 99%

Suicide Risk and the Economic Crisis: An Exploratory Analysis of the Case of Milan

et al. 2016

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In the past five years, several scientific articles have claimed that the increase some countries have registered in suicide rates since 2008 is somehow related to the economic crisis. Other research has suggested that the impact of specific economic problems on the probability of suicidal behavior is often mediated by other individual-level factors, mainly psychological and physical, whose negative influence is exacerbated by reductions in the availability of health and social care during an economic crisis. On the basis of almost 1,000 cases of suicide collected by the Institute of Forensic Medicine in the province of Milan, this article aims at testing whether suicidal probability during an economic crisis is influenced by the interaction between an individual’s employment status and the presence of psychological or physical disease. Using a binary logistic regression model, this article demonstrates that the likelihood of suicide during an economic crisis is three times higher for persons affected by a severe disease, either physical or psychological, than for people who are not affected (OR = 3.156; 95% CI = 1.066–9.339; p = 0.38). Neither employment status nor the interaction between employment status and health status contributed to the difference between the suicide rate before and during the economic crisis.

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Financial crisis increases the risk of depression relapse

Cited by 4 publications

References 16 publications

Brazilian physiotherapist anxiety and depression during the COVID-19 pandemic: a cross-sectional survey

Brazilian physiotherapist anxiety and depression during the COVID-19 pandemic: a cross-sectional survey

Marketing dispossession

Suicide Risk and the Economic Crisis: An Exploratory Analysis of the Case of Milan

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