1. Association among income loss, financial strain and depressive symptoms during COVID-19: Evidence from two longitudinal studies
- Author
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Elina Visoki, Idit Dekel, Lily A. Brown, Maya Schwartz-Lifshitz, Grace E. DiDomenico, Tyler M. Moore, Megan M Himes, Ran Barzilay, Itai M. Pessach, Noam Matalon, David M. Greenberg, Ruben C. Gur, Lauren K. White, Doron Gothelf, Raquel E. Gur, Nimrod Hertz-Palmor, and Raz Gross
- Subjects
Exacerbation ,media_common.quotation_subject ,Anxiety ,Recession ,03 medical and health sciences ,0302 clinical medicine ,Global health ,Humans ,Medicine ,Longitudinal Studies ,Economic impact analysis ,Israel ,Pandemics ,Depression (differential diagnoses) ,media_common ,Depression ,SARS-CoV-2 ,business.industry ,Stressor ,COVID-19 ,Mental health ,030227 psychiatry ,Psychiatry and Mental health ,Clinical Psychology ,medicine.symptom ,business ,030217 neurology & neurosurgery ,Demography - Abstract
Background COVID-19 pandemic has major ramifications for global health and economy, with growing concerns about economic recession and implications for mental health. Here we investigated the associations between pandemic-related income loss with financial strain and mental health trajectories over a 1-month course, in two independent cohorts. Methods Two independent studies were conducted in the U.S and in Israel at the beginning of the outbreak (March-April 2020, T1; study I: N = 2904, study II: N = 1267) and at a 1-month follow-up (T2; study I: N = 1318, study II: N = 241). Mixed-effects models were applied to assess associations among COVID-19-related income loss, financial strain, and pandemic-related worries about health, with anxiety and depression, controlling for multiple covariates including pre-COVID-19 income. Results In both studies, income loss and financial strain were associated with greater depressive symptoms at T1, above and beyond T1 anxiety, worries about health, and pre-COVID-19 income. Worsening of income loss was associated with exacerbation of depression at T2 in both studies. Worsening of subjective financial strain was associated with exacerbation of depression at T2 in one study (US). Conclusions Income loss and financial strain were uniquely associated with depressive symptoms and their exacerbation over time, above and beyond pandemic-related anxiety. In times when a myriad of stressors are affecting mental health worldwide, our findings reveal specific links between the economic impact of COVID-19 and psychiatric outcomes.
- Published
- 2021