Living Cost Pressure Becomes Number One Risk to Suicide Rates for Australians
The surging cost of living and personal debt has emerged as the number one risk to suicide rates in Australia as the country’s central bank has announced another round of interest rate hikes.
According to Suicide Prevention Australia’s annual State of the Nation report, living costs and debt had surpassed social issues such as drugs, loneliness and family breakdown as the main cause of suicide for the first time.
The report also found that 40 percent of Australians felt more distressed about their financial situations compared to last year.
In addition, while both genders experienced a similar higher level of overall distress, women were more vulnerable to living cost pressure at 44 percent compared to men at 36 percent….