What are the effects of the lack of financial security of unemployment?
The effects of the lack of financial security of unemployment can cause poor mental health, and studies have shown the beneficial effects of unemployment compensation in such contexts. However, unemployment is also associated with poor mental health due to the absence of non-financial benefits provided by an individuals job, such as social status, self-esteem, physical and mental activity, and use of the individual’s skills. Being unemployed has a major effect on person self-esteem. Many individuals who are let go from their jobs or are unable to find work find it difficult to have self-confidence due to the feeling of not being good enough to work. Not having a job to go to allows for individuals to have quite a lot of excess time to themselves which allows for many people to be sitting alone at home all day, having the feeling of not being good enough, and in the worst case scenarios it allows for people to become homeless because they are left with no other options. Studies show that suspected physical health responses to unemployment have ranged from self-reported physical illness to mortality, especially suicide. Mental health effects of unemployment have included individuals admissions to mental hospitals and incidence of surveyed clinical mental disorders.
There is no denying that unemployment has many effects on the physical health of individuals. The stress of unemployment can lead to high blood pressure, the risk of heart attack, substance abuse, and for many individuals, eating disorders. Many individuals begin to over-eat and under-eat while they are unemployed, this is usually a sign of depression or anxiety. The physical effects of unemployment do not just affect the individual, but also affect the personals family. Families suffer starvation by resorting to unbelievable economies in food. The physical health of the family members gets damaged due to want of nutritious food and proper and timely medical care.