Money and Employment: The Best Anti-Depressants

That’s according to a new poll from Gallup.

Scrooge McDuck, looking pretty not-depressed, dives into a pile of gold.
National Journal
Matt Berman
Aug. 23, 2013, 8:05 a.m.

Feel­ing down this year? Ac­cord­ing to Gal­lup, that could have something to do with not work­ing as much as you’d like.

In a sur­vey con­duc­ted from Jan. 1 to Ju­ly 25, of more than 100,000 Amer­ic­ans, Gal­lup found sev­er­al eco­nom­ic pre­dict­ors for de­pres­sion. Here are the res­ults by em­ploy­ment status:

 

In Ju­ly, 8.2 mil­lion Amer­ic­ans were work­ing part-time in­vol­un­tar­ily, up from May but largely un­changed from June. Nearly 54 mil­lion Amer­ic­ans were not in the labor force in Ju­ly, in­clud­ing more than 3.7 mil­lion people who at that time wanted a job. With an over­all un­em­ploy­ment rate of 7.4 per­cent, 11.5 mil­lion Amer­ic­ans were un­em­ployed in Ju­ly.

Ac­cord­ing to Gal­lup, all of those people were much more likely to be de­pressed than people who were em­ployed full time. Of course, it’s cer­tainly pos­sible that people who don’t suf­fer from de­pres­sion are more likely to be able to find full-time work.

But that’s not the only eco­nom­ic pre­dict­or of de­pres­sion:

 

Money may not buy hap­pi­ness, but the more of it you have, the less likely you are to be de­pressed. And, if you have a whole lot of money, you’re more likely to be able to do something like this, care of Break­ing Bad:

 

The pro­file of an Amer­ic­an who’s most likely to be de­pressed? A white wo­man who’s out of the work­force, mak­ing less than $36,000 a year, age 22-64.

Gal­lup found that, over­all, about 10 per­cent of Amer­ic­ans claim to be de­pressed, which lines up with Cen­ters for Dis­ease Con­trol and Pre­ven­tion es­tim­ates.

But work isn’t everything. New re­search from Kan­sas State Uni­versity shows that “work­ahol­ics” — defined as people who work more than 50 hours a week — are more likely to be less phys­ic­ally and men­tally well. So, even if you’re shoot­ing for that $90,000-a-year-plus level of hap­pi­ness, make sure to find a bal­ance.

What We're Following See More »
GOOGLE SEARCHES SPIKE
Libertarians Getting a Second Look?
5 hours ago
WHY WE CARE
VEEPSTAKES
Trump Floats Gingrich, Kasich as Running Mates
5 hours ago
THE LATEST

Newt Gringrich is actively positioning himself as a possible VP nominee for Donald Trump, according to National Review. After a New York Times piece mentioned him as a possible running mate, he said, "It is an honor to be mentioned. We need a new Contract with America to outline a 100-day plan to take back Washington from the lobbyists, bureaucrats, unions, and leftists. After helping in 1980 with Reagan and 1995 as speaker I know we have to move boldly and decisively before the election results wear off and the establishment starts fighting us. That is my focus." Meanwhile, Trump told CNN he'd be "interested in vetting" John Kasich as well.

NO MORE CUTS
House Dems Push on Puerto Rico, Citing Zika
7 hours ago
THE LATEST

"House Democrats are stepping up pressure on Republicans to advance legislation addressing Puerto Rico’s worsening debt crisis by issuing a report arguing that austerity cuts can’t be sustained and have made the island more vulnerable to the mosquito-borne Zika virus." Democrats on the House Natural Resources Committee released a report yesterday that argued "further sharp reductions in government spending can’t be a part of a legislative solution"—especially with a rainy season boosting the mosquito population and stressing an island health system already struggling to deal with the Zika virus.

Source:
USING LOCAL CELLS
Clapper: ISIS Can Stage Attacks in U.S.
7 hours ago
THE DETAILS

"ISIS has the capability to stage a Paris-style attack in the U.S. using local cells to strike in multiple locations and inflict dozens of casualties, according to the Obama administration's top U.S. intelligence official." Director of National Intelligence James Clapper told CNN's Peter Bergen that such a scenario is "something we worry about a lot in the United States, that they could conjure up a raid like they did in Paris or Brussels."

Source:
WILL ANNOUNCE PICK BEFORE CONVENTION
Trump to Name VP Search Committee
8 hours ago
THE LATEST

"Donald J. Trump said on Wednesday that he expected to reveal his vice presidential pick sometime in July—before the Republican National Convention in Cleveland—but added that he would soon announce a committee to handle the selection process, which would include Dr. Ben Carson." He said he's inclined to name a traditional political figure, unlike himself.

Source:
×