America’s Depression Crisis Could Cost Economy Trillions, Study Suggests
Summary
A new study estimates that depression could cost the United States over $4 trillion between 2025 and 2050. Globally, depression is expected to impose a $12 trillion economic burden, mainly due to reduced work participation and productivity.Key Facts
- The study covers 154 countries and estimates economic losses from depression between 2025 and 2050.
- The U.S. faces the largest national cost at about $4.087 trillion.
- China and the United Kingdom are second and third, with $2.072 trillion and $475 billion respectively.
- North America has the highest economic impact relative to regional GDP at 0.599%.
- The biggest economic losses come from fewer people working and lower productivity, not just treatment costs.
- Depression rates in the U.S. remain historically high, with over 18% of adults affected in 2024 and 2025.
- Depression rates have increased most sharply among younger adults (under 30) and low-income households.
- Depression in workers causes an estimated $23 billion in lost productivity annually due to unplanned absences.
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