Mental illness in young men costs the Australian economy A$387,000 per hour and over nine million working days lost per annum – figures which this report argues cannot be ignored by the business sector.
The human and economic costs of mental illness in Australia can no longer be ignored.
The Australian Institute of Health and Welfare reports that 26.5% of adolescents (one in four young people in this age group) will experience a mental health problem. In spite of this, rates of help-seeking among young Australians, and particularly among young men, remain low. Tragically, suicide continues to be the leading cause of death for young men in Australia, accounting for 22% of all deaths; with male youth suicide rates in rural areas double those of metropolitan areas.
This report analyses the resultant cost and impact on the Australian economy, highlighting the threat to productivity from poor mental health among young men. In presenting this new evidence, this report provides a call-to-action, demonstrating the importance of a community-wide response to raising awareness, prevention and treatment of young men’s mental illness.