A study blames rising suicide rate on economic recession.
A new study has found that there is a strong direct relationship between the spike in suicide rates and hard economic times.
According to a research published in the British Medical Journal
(BMJ) on Wednesday, growing unemployment and economic woes may have been the cause of some 1,000 suicides among British people between 2008 and 2010.
Investigating the official figures to determine the effect of economic crisis on the suicide rates, the study revealed that although the rate in Britain had fallen to a record low in 2007, it took a hike in 2008 and 2009 with a rise in jobless figures.
“We estimated the difference between the actual figures and what would have been expected if suicides had continued to fall, which they had been before the crisis occurred,” said the study co-author David Stuckler from the London School of Hygiene and Tropical Medicine.
Looking at the data on suicides provided by the UK National Clinical and Health Outcomes Database (NCHOD) and also Office for National Statistics (ONS), the researchers found that between 2000 and 2010, the suicide rate among men increased by 1.4 percent for every 10 percent rise in the number of unemployed people.
The analysis also showed that 846 men and 155 women might not have committed suicide between 2008 and 2010 if they had not been grappling with financial hardships.
Various European states have been struggling with deep economic stagnancy since the eurozone’s financial crisis began roughly five years ago.
The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered incidents of social unrest and massive protests in many European countries.