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Make Me Smart

The economics of mental illness

Make Me Smart

Marketplace

Business, News

4.65.5K Ratings

🗓️ 8 December 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

We are approaching our second winter of the COVID-19 pandemic, and we have a lot more awareness about how our mental health affects our work and how we function in society.

In the spring of 2020, adults in the U.S. were three times as likely to suffer depression or anxiety as they were the year before. While getting treatment can be expensive, the costs of untreated mental illness are often higher.

“Untreated or undertreated mental health conditions related to increased absenteeism in the workplace, what they call presenteeism, which is being present, but lower productivity, and also higher turnover rates — business should be concerned about this because it does affect their bottom line,” said Judy Bass, associate professor in the department of mental health at the Johns Hopkins Bloomberg School of Public Health.

Bass said that pre-pandemic, those costs were pegged at $2 billion annually.

On the show today, we’ll discuss the economic costs of mental illness and the benefits of investing more in mental health care.

In the News Fix, we highlight a new report that warns of an emerging mental health crisis among young people in America.

Then we’ll hear from a listener who makes us smart about the pronunciation of “omicron,” and YouTube’s CEO answers the “Make Me Smart” question.

Here’s everything we talked about today:

If you or someone you know may be considering suicide, the National Suicide Prevention Lifeline is available 24/7 at 1-800-237-8255.

 

Transcript

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0:00.0

Hey everybody, it's Kai.

0:03.8

You know, it's been an unpredictable year, but there is one thing you can count on.

0:07.8

Kimberly and I will be here in your podcast feed with the context and analysis you count

0:12.4

on.

0:13.4

We'll help you unpack the news stories of the day and hopefully leave you with a smile.

0:17.8

Support this show and everything we do at Marketplace with an end of your donation today.

0:22.7

When you do, you can choose a thank you gift like the popular new Marketplace Beanie.

0:26.6

That's a soft knit hat embroidered with our logo.

0:29.5

Check it out.

0:30.5

You can have a look at the new Beanie and you can support public service journalism at

0:33.9

Marketplace.org slash give smart and thanks.

0:40.9

Right on it too.

0:45.0

No joke.

0:46.0

It's dropped in torporino.

0:47.4

Hey everybody, I'm Kai.

0:48.4

Rizad, welcome back to Make Me Smart.

0:49.8

None of us is as smart as all of us.

0:52.2

It's really good to have you back on the pod.

0:54.6

And I am Kimberly Adams.

0:56.2

This Tuesday, which means it's time for our weekly deep dive into a single topic.

1:01.0

And today we wanted to talk about the economics of mental health.

1:05.8

So obviously we are in the second winter of this pandemic and the dreariness and the oh

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