Quote of the Day, July 3, 2012
There have been no epidemiological studies attempting to find a correlation between student loan indebtedness and suicide or suicide attempts, but experts would not be surprised if one exists. A statement published on the website by the American Association of Suicidology (APS) notes, “There is a clear and direct relationship between rates of unemployment and suicide. The peak rate of suicide in 1933 occurred one year after the total US unemployment rate reached 25% of the labor force. Similar findings have been documented internationally. At the individual level, unemployed individuals have between two and four times the suicide rate of those employed.” The document adds, “Economic strain and personal financial crises have been well documented as precipitating events in individual deaths by suicide.” — an excerpt from C. Cryn Johanssen’s featured article, The Ones We’ve Lost: The Student Loan Debt Suicides.