Financial Crisis Mental Scars: WHO
- added October 10, 2008
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- Apocalipstick
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http://www.islamonline.net/servlet/Satellite?c=Article_C&cid=1221720654970&pagename=Zone-English-News/NWELayout
After knocking down global stock markets, the financial crisis risks taking its toll on the mental health of thousands of people worldwide, the World Health Organization (WHO) warned on Thursday, October 9.
"We should not be surprised or underestimate the turbulence and likely consequences of the current financial crisis," Margaret Chan, the WHO director general, told a meeting of mental health experts.
The global financial crisis that has assaulted investment wealth and real estate values could cause depression, bi-polar disorders and despair to millions of people.
"It should not come as a surprise that we continue to see more stresses, suicides and mental disorders," said Chan.
A survey released by the American Psychological Association on Tuesday found that eight in 10 Americans say the economy is a major source of stress in their lives.
Thousands of Wall Street workers who fueled a luxury spending boom face job losses and deep cuts in their annual bonuses this year.
The WHO chief warns that people living in low and middle income countries are more vulnerable because access to mental health is often limited.
The financial firestorm swept the US last month after the demise of Lehman Brothers, one of the US’s largest investment bank.
It has since dragged most of the world stock exchanges down to its lowest level, forcing some of them to halt trading.
Suicidal
The WHO warned that economic hardships could push mental patients, irrespective of their financial statues, to commit suicide.
"There is a clear evidence that suicide is linked to financial disasters," said Benedetto Saraceno, the director of the WHO's mental health and substance abuse department.
"I am not talking about the millionaire jumping out of the window but about poor people."
A number of suicide attempts have been reported among Americans.
On Monday, Los Angeles police announced that a 45-year-old financial manager shot dead five members of his family before killing himself because of his economic woes.
In a letter to police, Karthik Rajaram, who has been unemployed for months, said he had been driven to murder after the Wall Street's collapse wiped out his remaining finances.
The case came a week after a 90-year-old woman in Ohio shot herself as she was about to be served an eviction notice on the home she has lived in for 38 years.
Depression and suicide rates tend to rise during hard economic times.
A study which looked at economic shifts between 1972 and 1991 found that suicides rose an average of 2 percent when the economy faltered.
After knocking down global stock markets, the financial crisis risks taking its toll on the mental health of thousands of people worldwide, the World Health Organization (WHO) warned on Thursday, October 9.
"We should not be surprised or underestimate the turbulence and likely consequences of the current financial crisis," Margaret Chan, the WHO director general, told a meeting of mental health experts.
The global financial crisis that has assaulted investment wealth and real estate values could cause depression, bi-polar disorders and despair to millions of people.
"It should not come as a surprise that we continue to see more stresses, suicides and mental disorders," said Chan.
A survey released by the American Psychological Association on Tuesday found that eight in 10 Americans say the economy is a major source of stress in their lives.
Thousands of Wall Street workers who fueled a luxury spending boom face job losses and deep cuts in their annual bonuses this year.
The WHO chief warns that people living in low and middle income countries are more vulnerable because access to mental health is often limited.
The financial firestorm swept the US last month after the demise of Lehman Brothers, one of the US’s largest investment bank.
It has since dragged most of the world stock exchanges down to its lowest level, forcing some of them to halt trading.
Suicidal
The WHO warned that economic hardships could push mental patients, irrespective of their financial statues, to commit suicide.
"There is a clear evidence that suicide is linked to financial disasters," said Benedetto Saraceno, the director of the WHO's mental health and substance abuse department.
"I am not talking about the millionaire jumping out of the window but about poor people."
A number of suicide attempts have been reported among Americans.
On Monday, Los Angeles police announced that a 45-year-old financial manager shot dead five members of his family before killing himself because of his economic woes.
In a letter to police, Karthik Rajaram, who has been unemployed for months, said he had been driven to murder after the Wall Street's collapse wiped out his remaining finances.
The case came a week after a 90-year-old woman in Ohio shot herself as she was about to be served an eviction notice on the home she has lived in for 38 years.
Depression and suicide rates tend to rise during hard economic times.
A study which looked at economic shifts between 1972 and 1991 found that suicides rose an average of 2 percent when the economy faltered.
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- Apocalipstick
- 1 month ago
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For some reason the URL of this article was not permitted, so I posted it with the text.
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- Apocalipstick
- 1 month ago
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