Can financial stress lead to suicidal thoughts? The positive response forces citizens and authorities to pay attention to the problem that intersects between the economy and mental health.
Ecuadorian fintech Kamina, which aims to raise awareness and facilitate access to transparent financial education, warned this week about the origins and possible consequences of financial stress. According to their data, 70% of people access informal loans, with family or chulco. The second makes it more serious because of the high interest it represents and complicates the payment. According to this organization, a high percentage of Ecuadorians do not go to banks due to psychological and emotional limitations.
Added to this mental burden, a person with financial stress is twice as likely to have suicidal thoughts.
Acute stress, chronic stress and high blood pressure
In this context, it is possible to launch initiatives for financial education and it is desirable to add psychological support to overcome fears of accessing resources with legal interests that enable economic growth and to curb financial stress.
The economic projects of the new regime in terms of promoting micro-business must include strategic support, but also the observation of mental health in order to avoid greater emotional effects on the population that are on the rise since the COVID-19 pandemic, which led to the quarantine. , layoffs and business failures.
‘I worked for 13 hours, I had tachycardia, I stopped breathing’: this is the broken heart syndrome caused by severe stress
The World Health Organization has warned that in 2021, 703,000 people will take their own lives every year. In 2019, suicide was the fourth leading cause of death in the world. There are no more recent data, but there is talk of an increase in mental illnesses. Therefore, the WHO claims that suicide is a health priority.
Mental health is an outstanding issue that must be taken into account when defining the local health budget. This year it was only 2%. There is reason to worry about mental health, which also has an economic impact. (OR)
Source: Eluniverso
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
