homeviews NewsMoney can’t buy happiness: How income inequality hurts all of us 

Money can’t buy happiness: How income inequality hurts all of us 

While it has generally been accepted that the poorest among us suffer due to pronounced inequality, it’s time to accept that these disparities aren’t doing everyone else any good either.

By Juhi Matta  Aug 28, 2019 6:41:06 PM IST (Updated)


If there are two topics of conversation that are brushed under the rug to avoid discomfort, they are money and mental health. This is especially true in India, where both income inequality and the prevalence of common mental disorders are becoming increasingly worrying. While it has generally been accepted that the poorest among us suffer due to pronounced inequality, it’s time to accept that these disparities aren’t doing everyone else any good either.
When we think of at-risk groups, the wealthy elite are not the first to spring to mind. And why would they be? Multiple studies have found a positive correlation between poverty and mental illness. In a country where the average urban worker’s daily wage is a quarter of what one session with a therapist would cost, it is hard to feel sorry for those who can afford the ‘luxury’ of mental health.
Contrary to popular belief, though, the rich aren’t much better off. Studies conducted by Suniya Luthar, Professor of Psychology at Arizona State University, found that youth from high-income households are one-and-a-half to two times as likely as the national American average to display symptoms of anxiety and depression. Moreover, she found higher rates of substance abuse and delinquency in these groups, which face immense pressure to achieve, combined with a lack of sympathy and support from society.