Over 30 million people will need to transition to another career due to the Pandemic.
The projected 30% unemployment rate is heading towards surpassing the Great Depression peak of 24.9%
The COVID-19 pandemic and resulting economic downturn have negatively affected many people’s mental health and created new complications for people already suffering from mental illness.
THE MCKENSEY GROUP STUDY
Compiled in March 2020 illustrates that the accelerated widespread of mental health illness is exacerbated even further among those whose jobs have been adversely affected by COVID-19.
This confluence of factors poses an unprecedented threat
to the current and future mental and physical health of our society.
Not only do mental health issues stem from economic hardship they also are known drivers of:
lower productivity, increased healthcare costs
and higher mortality.
THE WORLD HEALTH ORGANIZATION
has noted that depression and anxiety have an estimated cost to the global economy of $1 trillion per year in lost productivity
Although recognition that behavioral health is a crucial component of whole-person care and positive health outcomes, it remains underfunded and inaccessible for many. Many mental health experts are concerned that the country is on the verge of another healthcare crisis as isolation, fear and desperation around financial concerns
generate widespread psychological trauma. - reference The Mckensey Group - Mar 2020
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