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.
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