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Cross-sectional survey finds cumulative financial hardship markedly elevates depression risk in young adults, indicating the need for targeted economic and mental health policies.
Using a nationally representative sample of U.S. young adults aged 18–29-year-old, this study investigated the relationship between COVID-induced financial hardship and depression (N = 1080). About 40% of the sample had one or more financial hardships, a quarter reported depressive symptoms. The positive association between financial hardship and depression was cumulative: Those who had four different hardships were almost five times more likely to report depressive symptoms than those reported no hardship. Findings highlight the need to include financial stressors in mental health assessment and suggest a comprehensive policy response to mental health crisis among young adults.
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Chen et al. (2024) studied this question.
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