High inflation creates stress in lower socioeconomic groups exacerbating health inequities
IMAGE: YORK UNIVERSITY ASSISTANT PROFESSOR CARY WU view more
CREDIT: YORK UNIVERSITY
TORONTO, May 15, 2023 – High inflation rates are stressing certain sociodemographic groups more than others, exacerbating inequalities in health in the United States, found a new study led by a York University researcher.
Stress is known to have detrimental effects on health and high inflation has become a significant source of stress. Of the 93 per cent of respondents who reported an increase in prices for goods and services in their area, 47 per cent of them said the rise in prices was very stressful, 28 per cent felt moderately stressed, while 19 per cent reported feeling a little stress. Less than six per cent said increased prices were not stressful to them.
Inflation stress, however, affects various segments of the population differently.
“Inflation does not affect everyone equally and can have a greater impact on people depending on their gender, race, age, marital status, education and income,” says lead author York University Assistant Professor Cary Wu of the Faculty of Liberal Arts and Professional Studies.
Although the study looked at the effects of high inflation in the U.S., research on Canadians by Wu has found similar patterns.
To measure high inflation stress, the researchers analyzed data from the U.S. Household Pulse Survey. Of the 369,328 respondents, 62 per cent were white, 11 per cent were Black, five per cent were Asian and 17 per cent were Hispanic, while 51 per cent were women and 31 per cent had post-secondary education.
The study found inflation is a significant source of stress for women, much more so than men, as well as those who are socioeconomically more vulnerable. Black and Hispanic people reporter higher inflation stress than white people, while Asians reporter lower inflation stress.
Education and income also play a role with higher levels of both being associated with lower inflation stress. Some 66 per cent of those who reported less than $25,000 in household income felt stressed, while only 17 per cent of those with a household income more than $200,000 reported feeling stress about high inflation.
After adjusting socioeconomic status, the difference in stress disappeared between Blacks and whites, but Asians showed slightly higher inflation stress.
Previously married individuals who are now widowed, divorced or separated had higher levels of inflation stress than married couples. It was also found to be higher for middle-aged groups compared to those older and younger.
"There is a need for more research and better policies to help protect against the health disparities caused by high inflation stress that affects certain segments of the population more than others," says Wu.
The study, Assessment of sociodemographics and inflation-related stress in the US, was published today in the American Medical Association’s open access journal JAMA Network Open.
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JOURNAL
JAMA Network Open
ARTICLE PUBLICATION DATE
15-May-2023
Assessment of sociodemographics and inflation-related stress
JAMA Network Open
Peer-Reviewed PublicationAbout The Study: This analysis of U.S. Census Bureau survey data found that rising inflation has become a significant source of stress, especially among women and those who were socioeconomically more vulnerable.
Authors: Cary Wu, Ph.D., of York University in Toronto, is the corresponding author.
To access the embargoed study: Visit our For The Media website at this link https://media.jamanetwork.com/
(doi:10.1001/jamanetworkopen.2023.13431)
Editor’s Note: Please see the article for additional information, including other authors, author contributions and affiliations, conflict of interest and financial disclosures, and funding and support.
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About JAMA Network Open: JAMA Network Open is an online-only open access general medical journal from the JAMA Network. On weekdays, the journal publishes peer-reviewed clinical research and commentary in more than 40 medical and health subject areas. Every article is free online from the day of publication.
JOURNAL
JAMA Network Open
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