Cost-of-Living Crisis in NSW Impacts Mental Health
A report highlights financial stress and its mental health effects in New South Wales.
Residents of New South Wales (NSW) are increasingly facing mental health challenges attributed to a worsening cost-of-living crisis.
A recent report by the NSW Mental Health Commission, published after a survey of over 2000 participants in April 2024, reveals that more than half of the respondents feel their mental health has deteriorated due to financial strain.
Furthermore, four out of five individuals express concerns about rising living costs.
The survey indicates that feelings of loneliness have increased by 10 percent compared to the previous year, with 20 percent reporting frequent experiences of isolation or feeling left out, up from 15 percent in 2022.
Jennifer Black, the NSW Mental Health Commissioner, highlighted the direct link between financial pressure and mental well-being.
She noted that economic stress could hinder people's ability to afford housing or participate in social activities.
Barriers such as stigma, out-of-pocket costs, and a complex healthcare system are preventing many from accessing needed mental health services.
The healthcare system's workforce shortages compound these challenges, with over 200 psychiatrists recently resigning from public hospitals.
Mental Health Minister Rose Jackson acknowledged underfunding issues but cited budget constraints, stating that tax increases or workforce pay raises are currently not feasible.
For assistance, individuals can contact support services such as Lifeline or Beyond Blue.
A recent report by the NSW Mental Health Commission, published after a survey of over 2000 participants in April 2024, reveals that more than half of the respondents feel their mental health has deteriorated due to financial strain.
Furthermore, four out of five individuals express concerns about rising living costs.
The survey indicates that feelings of loneliness have increased by 10 percent compared to the previous year, with 20 percent reporting frequent experiences of isolation or feeling left out, up from 15 percent in 2022.
Jennifer Black, the NSW Mental Health Commissioner, highlighted the direct link between financial pressure and mental well-being.
She noted that economic stress could hinder people's ability to afford housing or participate in social activities.
Barriers such as stigma, out-of-pocket costs, and a complex healthcare system are preventing many from accessing needed mental health services.
The healthcare system's workforce shortages compound these challenges, with over 200 psychiatrists recently resigning from public hospitals.
Mental Health Minister Rose Jackson acknowledged underfunding issues but cited budget constraints, stating that tax increases or workforce pay raises are currently not feasible.
For assistance, individuals can contact support services such as Lifeline or Beyond Blue.
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