What are the effects of unemployment on mental health?

Economics Unemployment Questions



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What are the effects of unemployment on mental health?

The effects of unemployment on mental health can be significant. Unemployment often leads to feelings of stress, anxiety, and depression. The loss of income and financial instability can cause individuals to experience a sense of hopelessness and low self-esteem. Unemployment can also lead to social isolation and a lack of purpose, which can further contribute to mental health issues. Additionally, the longer an individual remains unemployed, the greater the negative impact on their mental well-being.