Hawkcreek wrote:Well, I ain't gonna do it. I'm trying to get back a little of that social security money I paid in all those years. I have to live at least 15 more years just to break even.
onlooker wrote:The Great Recession Caused A Sharp Rise In Suicides
[/quote]Plantagenet wrote: And finally, this same group is the one that flipped most dramatically to vote for Trump. They are really hurting.
Middle aged white males in the USA are in a world of hurt
onlooker wrote:Odd, how some posters including me are up at ungodly hours haha
Plantagenet wrote:The rise in death rate has now been going on for over 20 years---its related to some bigger secular economic trend -----its not just due to the recession
The group showing the biggest increase in suicide rates is middle-age and older white males. They are really hurting.
onlooker wrote:Well, the statistics back up the notion that economic well being is a primary concern of people
https://thinkprogress.org/study-the-gre ... 420f12a1a0
STUDY: The Great Recession Caused A Sharp Rise In Suicides Around The World
Ibon wrote:Plantagenet wrote:The rise in death rate has now been going on for over 20 years---its related to some bigger secular economic trend -----its not just due to the recession
The group showing the biggest increase in suicide rates is middle-age and older white males. They are really hurting.
I would like to better understand this. Suicides represent the tip of the iceberg. Opiate addiction rates are very much related. Inability to deal with loss of status and employment, inability to pick yourself up off our feet. The choice to often is escape in drugs or suicide.
I really would like to get a better handle on deeper underlying psychology here on why white males in the US so quickly despair when faced with hardships vs other demographic groups.
Any ideas?
A Paulson & Co. partner that once worked for a Bernie Madoff feeder fund plunged to his death in an apparent suicide Monday.
Charles Murphy, 56, whose Fairfield Greenwich Group invested $7 billion in Madoff’s Ponzi scheme, was found on the fourth-floor terrace of luxury New York hotel Sofitel, after jumping from a room on the 24th floor, according to Bloomberg, citing people familiar with the matter.
Murphy is the fourth person connected to Madoff to commit suicide.
In December 2008, Magon de La Villehuchet was found dead in his Madison Avenue office. He had slit his wrist and taken sleeping pills. His company AIA had been duped for $1.5 billion, including his own personal fortune, from Madoff’s scheme.
A year later, William Foxton, a 65-year-old former Army major who had lost his arm in combat, shot himself in the head after he too was duped by Madoff.
Madoff’s son Mark, 46, hanged himself in 2010 on the second anniversary of his father’s arrest.
Murphy's apparent suicide also comes at a time when Wall Street has begun to worry about the rash of similar incidents linked to the industry. Data from the Center for Disease Control in 2014 revealed that yes, those in the financial services space are roughly 39% more likely to commit suicide than the wider workforce.
Fortune asked the Centers for Disease Control and Prevention to pull the latest suicide statistics from its National Occupational Mortality Surveillance database. During 1999, 2003, 2004, and 2007—the most recent years during which research was funded and for which data is available—there were 329 suicides among financial specialists, more than in any other occupation tracked by the CDC except for the broad grouping of "engineers and scientists," a cohort that lost 502 to suicide.
A close examination of the CDC data does reveal a worrisome connection between certain types of financial jobs and an elevated risk of suicide. The CDC organizes its mortality numbers by census categories, which can be pretty broad. The Wall Street-oriented classification is "sales representatives for financial and business services"—a category that includes a variety of banking positions, ranging from investment advisers to brokers to traders to investment bankers. People in that group are 39% more likely to kill themselves than the workforce as a whole. (Members of some other white-collar professions are at even greater risk: Lawyers are 54% more likely than average to commit suicide, and physicians are 97% more likely.)
Plantagenet wrote:
I've got an excuse to be up this late---I've got to pick somebody up from a plane that comes in at 1:58 am.
Cheers!
Cog wrote:For many white males, they anchor themselves so firmly in their jobs, their jobs become who they are. If they lose that job for whatever reason, even retirement, they struggle to find some meaning to their existence. At least that is my 2 cents on it.
Ibon wrote:
This also does explain a little bit the scapegoating of immigrants, whether legal or illegal. Why? Because they come to this country with zero entitlements happy to work cleaning bed pans in an old peoples home or in agriculture or whatever menial job and many do then rise and progress in the classic story of the American Dream. This is a whole other mindset then the privileged white man who lost his job and feels lost.
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