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Financial Strains Significantly Raise Risk of Suicide Attempts

Tuesday, September 8, 2020
By Sarah Avery
Person with head in hands looking distressed, with money, credit cards and bills on table

Financial strains such as high debt, low income and unemployment are associated with suicide attempts and should be considered key factors when assessing mental health interventions, a new study from Duke Health researchers shows.

While the study was undertaken before the COVID-19 pandemic, the findings are especially relevant within the context of the economic downturn triggered by the spread of the virus.

“Our research shows that financial stressors play a major role in suicides, and this needs to be recognized and appreciated in light of the unprecedented financial instability triggered by the COVID-19 pandemic.”

“Our research shows that financial stressors play a major role in suicides, and this needs to be recognized and appreciated in light of the unprecedented financial instability triggered by the COVID-19 pandemic,” said Eric Elbogen, PhD, a professor of Psychiatry and Behavioral Sciences at Duke, and lead author of a study in the American Journal of Epidemiology.

Read the full press release on the Duke Health News website.