Exclusive: Research shows increase in depression and anxiety could result in hit on economy by 2025
New research highlights the impact the pandemic has had on people’s lives, their ability to work and the need for more mental health support in NSW.New research highlights the impact the pandemic has had on people’s lives, their ability to work and the need for more mental health support in NSW.poor mental health
The Impact Economics and Policy report – commissioned by the NSW Council of Social Service – looked at the compounding impacts of repeated natural disasters and theIt found rates of depression and anxiety had increased in recent years, with young people some of the worst affected. This includes an almost 50% jump in the number of teen girls presenting for self-harm or suicidal thoughts from 2018 to 2021.
“While recent increases in funding are a positive step, an urgent injection of $430m per year is required to bring NSW up to the average level of expenditure on community mental health services across other states and territories,” the report read.The research found the impact of lost productivity between last year and 2025 would reach $7.
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