According to WebMD, rent, gas, food, and other living expenses have reached an all-time high, surpassing prices that haven’t been seen in 40 years. As a result, doctors say that they’re noticing greater levels of stress in their patients. In addition to stress, inflation of this magnitude can cause anxiety, depression, and other mental health issues as pandemic uncertainty lasting over two years, remains a part of our awareness.
"If salaries are not matched to reflect the rising prices of groceries, gas, rent, it becomes more difficult for people with minimum wage to manage their living standards," psychiatrist Dr. Aisha Shariq, told News4SA. She added that, in addition to anxiety and depression, schizophrenia could also become an issue for those "in vulnerable populations."
The Wall Street Journal reported that inflation in the United States grew 8.5% last month and noted that we haven’t seen this annual pace since December 1981. A statement by the American Psychological Association was released on March 10 featuring a poll that found money stress to be at the highest rate since 2015. Though inflation affects people of all socioeconomic backgrounds, Dr. Lisa Strohschein, a sociologist at the University of Alberta, told Live Science that when it comes to finances, "people who are at the bottom, have never been more insecure."