Americans are cutting spending on mental health treatment amid 40-year high inflation and rising gas prices.
The cost of living is high, finances are tight and Americans are cutting back their spending. In some cases, that means skipping mental-health treatment.
Some 31% of respondents reported that they had paused their mental-health treatments “to save money for other, larger expenses.” Paying for mental-health treatment has become more difficult in part because the indirect costs related to therapy have increased, said Amy Morin, the editor-in-chief of Verywell Mind and a licensed clinical social worker.
Americans’ struggles to pay for mental health care come at a time when they need treatment more than ever, said Rebecca Brendel, the president of the American Psychiatric Association. Mental illnesses and substance use disorders affected around one-third of nonelderly Americans in 2020, or about 64.5 million people, according to a study by the nonprofit Kaiser Family Foundation. The issues were most prevalent among white people and teenagers. The report pointed out that lower rates of mental illness and substance-use disorders among people of color could be a result of underdiagnosis, likely due to racial bias and lack of access to care.
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