A study by Global Happiness Council (GHC) highlights that mental illness is a ‘major block’ on world economy.
The report shows mental illness stems among people of working age and is a common problem within this group.
Providing treatment at the right time would save five percent of national income per head and that translates to billions on a global scale. The study explains how there is a direct correlation to global performance output: for every US$1 spent on depression treatment, the quality of production will recover US$2. Likewise, treating anxiety disorders represents much higher net savings: for every US$1 spent on treatment, the improved production will recover US$3.
According to researchers at GHC, the illness directly impacts output “because people who are mentally ill become seriously unproductive. So when they are successfully treated, there are substantial gains in output. And these gains exceed the cost of therapy and medication.”
Estimates drawn by the UK National Health Service (NHS) show findings that 10% to 15% of people are said to experience a form of mental illness at some point in their lives. Mental illness occurs based on different types, but most symptoms fall under neurotic or psychotic group, observed NHS.