middle age suicides

Austerity Seen as Culprit in Sharp Rise in Suicide Rate Among Middle-Aged People

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 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.

And you have the further psychological toll of the difficulty of re-inventing yourself if you are over 35. I can point to people who had enough in the way of resources and took steps that seemed entirely logical, taking courses to prepare them for a new career in fields with good underlying demand (see this post for one example; I can cite others) and got either poor returns on their expenditure of time and effort or had no success at all.

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