Inflation is worsening mental health among Americans

CHICAGO – (BUSINESS THREAD) – LifeWorks, a leading provider of digital and personalized comprehensive wellness solutions, today released its monthly Mental Health Index ™, which shows 20 percent of Americans unable to meet basic needs, such as food and housing. mental health score more than 16 points below the state average. In addition, 15 percent of respondents said they were not sure if their homes would be safe next year.

The index saw the decline in U.S. employee optimism, overall psychological health, and financial risk scores from April to May.

  • At 69.4 percent, the mental health of Americans in May remains virtually unchanged from 69.3 points in April.

  • Mental health scores improved in the Northeast and Midwest regions, and declined in the South and West regions.

Many Americans face or face the effects of inflation

  • For 20 percent of Americans, inflation has affected their ability to meet basic needs such as food and housing, and this group has a mental health score that is almost 16 points below the state average.

  • Fifteen percent of Americans are unsure whether their home will be safe for next year.

  • Sixteen percent of Americans say inflation has not yet been affected, but expects it to do so in the future.

  • 48 percent of Americans have reduced their spending on inflation due to inflation.

  • Americans who rent homes have poorer mental health than homeowners.

Comments from President and CEO Stephen Liptrap

“Our research shows that Americans suffer more from the fear of reality and the fear of inflation. It is up to employers to take into account the pressures on their employees, both in the workplace and outside. It is also important for employers to be aware of programs and tools that can help their employees navigate their mental and financial health in these stressful situations, such as providing financial advice on their employee support program. ”

Paula Allen, global leader and vice president, comments on research and absolute well-being

“After years of dealing with pandemic-related anxieties, more and more Americans are facing a new fear of putting food on the table or keeping their homes safe as a result of a sharp rise in inflation. It is important to recognize that financial tensions are destabilizing and can affect mental health. With this, the staff may be more extreme than before. Good communication and a workplace where people feel respect and friendliness have a long way to go every day, and especially now. ”

The full LifeWorks Mental Health Index ™ report can be found here. This month’s report includes more information on the effects of increased aggression and conflict, home security, the perspective of home-based managers and staff, and workplace safety. To receive a monthly LifeWorks Mental Health Index, subscribe here.

About the Mental Health Index ™

The LifeWorks monthly survey was conducted through an online survey from May 2 to 18, 2022 with 5,000 respondents in the United States. All of the respondents live in the United States and have been working for the past six months. Data were statistically weighted to ensure that the regional and gender composition of the sample reflected that population. The Mental Health Index ™ is published monthly, starting in April 2020, and is compared with reference data collected in 2017, 2018, 2019.

As of May 2022, the third year of LifeWorks Mental Health Index ™, the scores are expressed as absolute. To create the Mental Health Index ™, a response scoring system is applied to convert individual responses into point values. Higher point values ​​are associated with better mental health and lower mental health risk. Scores from 0 to 49 match the severity levels, scores from 50 to 79 match the stress levels, and scores from 80 to 100 match the optimal levels.

About LifeWorks

LifeWorks is a world leader in providing digital and personal solutions that support the full well-being of people. We provide personalized follow-up care that helps our clients improve the lives of their people and thus helps them improve their business.

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