The number of middle-aged men who harmed themselves increased by 50% in the four years following the 2008 financial crisis, researchers note
- Scientists from the University of Manchester studied 25,000 hospital visits
- They found that more men were harming themselves because of money problems
- Doctors must take the opportunity to intervene and prevent suicides
There was a 50 percent peak in self-harm in middle-aged men after the 2008 financial crash, according to scientists.
A study has shown that the number of men who harm themselves & # 39; significant & # 39; has risen after the credit crisis.
According to researchers, people between 40 and 59 are most likely to suffer self-harm, and common triggers include alcohol problems and financial problems.
When people come to the hospital after self-injury incidents, they add that they need to focus on interventions to stop them from doing it again.
Researchers from the University of Manchester assessed the data of nearly 25,000 self-injuring hospital visits by middle-aged people between 2000 and 2013.
Men were more likely than women to harm themselves after drinking alcohol and had a higher risk of injuring themselves due to financial problems, researchers said (stock image)
These accounted for more than a quarter (26 percent) of all visits in this category, making the people aged 40 and 50 the most vulnerable.
& # 39; There were noticeable increases in the rate of self-harm in men, possibly related to both economic and clinical factors, said lead investigator Dr. Caroline Clements.
They found that self-reliance between middle-aged men increased by 50 percent between 2008 and 2012.
After the credit crisis of 2007-08, caused in part by banks that sell mortgages to people who could not afford it, millions of people worldwide lost their jobs.
House prices crashed, people ended up with less money in their pockets and the government started austerity measures to repay the borrowed money to save banks – this led to higher taxes and fewer benefits.
Problems with money and housing were found to be related to self-harm by men, and this effect seemed to get stronger during the credit crisis.
HOW HAS THE FINANCIAL CRISIS HAPPENED?
The 2008 financial crisis was described by many as the worst recession since the Great Depression of the US in the 1930s.
It was caused by banks, mainly in the US, trying to make money by selling mortgages of more than 100 percent to people who could not afford to pay them – so-called subprime mortgages.
Banks then traded these mortgages on the stock exchange, but the bubble burst when bankers realized what was happening and refused to lend each other money in exchange for mortgages that would never be paid off.
Investors then began selling their shares in the banks after realizing that they had so many worthless assets.
As a result, banks in the US, UK and the rest of the world lost money and the stock market started to crumble. Governments had to borrow money to save massive financial institutions – such as Lehman Brothers in the US and Northern Rock in the UK – and lost millions of jobs.
In the UK, government borrowing meant a cutback program – cuts, cuts and higher taxes – took money out of people's pockets.
& # 39; For men, self-harm was more often characterized by alcohol consumption within six hours prior to self-harm, unemployment and … financial and housing issues & # 39 ;, the researchers said in their research.
She added: & # 39; Self-harm in the more recent (group) was more often associated with characteristics related to economic need including high unemployment, financial problems and housing problems.
& # 39; These factors are known to be associated with an increase in suicidal behavior and may have caused an increase in self-harm in middle-aged men. & # 39;
The same increase in self-harm was not seen in women, who were more likely to harm themselves because of psychological problems, science added.
But the rise in men was roughly in line with a national increase in suicides.
Men who harmed themselves were more likely to die or harm themselves again next year, but were less likely to receive specialized mental health care.
Professor Nav Kapur, one of the newspaper's main authors, said: & # 39; Men in the middle of life are a group that we are particularly concerned about because of their high suicide.
& # 39; This study shows how important self-harm is. It is the most important risk factor for suicide, but it is crucial to intervene.
& # 39; Our research points to the potential importance of economic factors, so advice for unemployment, housing and financial problems is probably useful.
& # 39; But improving access to services and tackling alcohol abuse can also have major consequences.
& # 39; Some men may be reluctant to seek help for their problems and there are a number of initiatives across the country that are trying to reach men through sporting or other awareness campaigns. & # 39;
The research was published in the British Journal of Psychiatry.
If you or someone you know runs the risk of harming themselves, call Samaritans for free at 116 123 or go to www.samaritans.org
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