An article exploring how rising economic inequality is leading to increasing levels of poverty worldwide—which in turn is having a devastating effect on people's mental health due lack of access to quality healthcare services and financial resources needed for proper treatment options.
Dec. 23, 2022 2:51PM
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It has become increasingly clear that poverty is one of the most detrimental factors affecting mental health. In recent years, this issue has become more and more apparent in psychiatry, with a growing number of patients struggling to cope with the effects of poverty on their mental wellbeing. The impact of poverty on mental health is far-reaching and often devastating. Studies have shown that people living in poverty are at an increased risk for developing depression, anxiety, post-traumatic stress disorder (PTSD), substance abuse disorders, and other serious mental illnesses. These conditions can be difficult to treat due to limited access to quality healthcare services and financial resources. Furthermore, individuals living in poverty are more likely to experience chronic stressors such as housing insecurity, food insecurity, and lack of access to education or employment opportunities—all of which can further exacerbate existing mental health issues. Unfortunately, it appears that this problem is only getting worse as economic inequality continues to rise across the globe. As incomes continue to stagnate or decline for many people while wealth accumulates for those at the top of the income ladder, it becomes increasingly difficult for those living in poverty to break out of their cycle and achieve financial stability. This creates a vicious cycle wherein individuals are unable to access adequate healthcare services or financial resources needed for proper treatment—leading them back into a state of extreme vulnerability when it comes to their mental health. The long-term implications of this situation are deeply concerning; without immediate action taken by governments around the world to address economic inequality and reduce poverty levels globally, we may see an even greater strain placed on our already overburdened healthcare systems as rates of severe mental illness continue to rise among those who cannot afford proper care or treatment options.