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Recession causes 10,000 suicides in EU, US, Canada

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Last Updated: Jun 16, 2014

There is a significant increase in suicide cases to 10,000 due to the economic crisis that hit Europe and North America, according to data collected by UK researchers.

The study, conducted by the University of Oxford along with the London School of Hygiene & Tropical Medicine, analyzed figures coming from Canada, the US and 24 countries in Europe.

The suicide rates in Europe were slowly declining until 2007. However, in 2009, it rose by 6.5 percent, which remained at that level until 2011.

According to the researchers, if the figures were constant, it is expected that there would be almost 8,000 deaths due to suicide at present.

In Canada, suicides were also decreasing, however, when another recession happened again in 2008, there were 240 more people who committed suicides.

In the US, the number of people committing suicide has always been increasing, until recently when the numbers suddenly soared in a short span of time, accounting to 4,750 more deaths.

The main reasons why people committed suicide were debt, home repossession, and losing a job.

There are countries that were able to avoid the increasing trend of suicide rates though. These countries include Austria, Finland, and Sweden.

Dr. Aaron Reeves from the University of Oxford, who is one of the researchers, argues that suicide can be avoided by having the appropriate policy.

The countries that avoided the increasing trend of suicide rates helped laid off employees get back to work, through training, subsidized wages, and proper advices.

One of the best things that a government can do to help its people avoid suicide is to support and protect those people most susceptible to this act.

Recession brings problems to the table, which may lead to depression and thoughts of suicide. There should be a policy that would respond to this need and help prevent the increasing number of suicide cases.

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