Cost of life, financial pressures threaten Australian suicide rates.

More than a third of Australians know someone who attempted suicide in the past year, new research shows.

38% of the 1022 adults questioned by Suicide Prevention Australia were indirectly or directly affected by suicide.

One in five adults expressed suicidal thoughts in the past year, and 70% felt stressed.

Cost of living and personal debt are the most prevalent pressures Australians face, but housing-related misery is the fastest-growing.

Nieves Murray, CEO of Suicide Prevention Australia, said financial concerns represented the biggest threat to mental health and suicide rates.

Mr. Murray: "Our findings reveal the direct link between rising economic and social pressures and community misery."

Two to three years following a crisis, suicide rates can surge. We must act now to address rising distress and suicide risk in our society.

Mr. Murray said 88% of frontline suicide prevention agencies saw increased demand last year.

Leading mental health organisations shared these worries.

Beyond Blue's lead clinical adviser, Dr. Grant Blahki, said a recent poll of 15,000 Australians established a correlation between mental health and financial stress.

Cost of living rate spikes and high interest rates made people feel isolated and stressed, Dr. Blahki stated.

Even though folks aren't as anxious about Covid, they're exhausted. Pandemic, disasters, money difficulties"

Financial stress makes people twice as likely to develop mental health concerns, but so does mental illness.

As a GP, he sees that money problems and stress are detrimental for mental health; individuals can't sleep and feel bad.

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