Austerity Kills: Economic Distress Seen as Culprit in Sharp Rise in Suicide Rate Among Middle Aged


Naked Capitalism has the article Austerity Kills: Economic Distress Seen as Culprit in Sharp Rise in Suicide Rate Among Middle Aged by Yves Smith.

I’m surprised, but perhaps I shouldn’t be, that a recent study hasn’t gotten the attention it warrants. It points to a direct connection between the impact of the crisis and a marked increase in suicide rates among the middle aged. This link seems entirely logical, given how many citizens found themselves whacked by a one-two punch of job loss or hours cutbacks combined with the sudden plunge in home prices. Normally, a last ditch course of action for most middle and upper middle class income members in the pre-crisis days, when things got desperate, was to sell you (sic) house and cut costs radically by moving into a much more modest rental. But that option vanished in all but the most stable markets (as in some flyover states that the subprime merchants ignored) due to home price declines trashing equity for all but those with small or no mortgages.


It doesn’t seem like so long ago when every debate about capitalism versus socialism would end up at the point where the capitalist would say, “And the final point is to look at the suicide rate in Sweden. It must be socialism that causes it to be so high.” If you are a defender of capitalism and foe of socialism, don’t tell me you never used that argument. If you can’t remember, then you have worse problems than I thought.

It looks to me like a big dose of some Bernie Sanders’ socialism right now would do a world of good.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.