Advertisements
Your Brand Deserves The Spotlight - Advertise With Us - Allwork.Space
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Publish a Press Release
  • Submit Your Story | Get Featured
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • Submit Your StoryNew
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • Submit Your StoryNew
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Drive more revenue to your coworking space - Alliance Virtual Offices
Home Work-life

International Stress Awareness Week: The Economic Price Of Additional Stress

Cecilia Amador de San JosébyCecilia Amador de San José
November 4, 2020
in Work-life
Reading Time: 4 mins read
A A
Wellness Template Articles

New research sheds light on how the pandemic and lockdown measures have affected the mental health of individuals.

  • November 2-6 marks International Stress Awareness Week, which highlights stress management, mental health, and wellbeing.
  • New research sheds light on how the pandemic and lockdown measures have affected the mental health of individuals.
  • Despite the negative effects the pandemic is having on our mental wellbeing, there’s a silver lining: people are now, more than ever, realizing the importance of mental health.

This week, November 2-6, marks International Stress Awareness Week. 

‘A Report on Mental Health and Wellbeing in Europe’, commissioned by AXA, provides insights into how people have coped during the COVID-19 pandemic, and how the pandemic and lockdown measures have affected the mental health of individuals. 

Advertisements
Yardi Kube automates flex & coworking operations

The report found that “people are deeply worried about the virus; they’re worried about its impact on their finances, on their personal lives, and the consequences for their friends and family.”

Despite the fact that the pandemic has had adverse effects on the mental wellbeing of people, there’s a positive note: 

Advertisements
UltraSoftBIS Work Smarter, Not Harder

People are now, more than ever, realizing the importance of mental health. 

The report argues that there is a “clear connection between our mental health and our physical wellbeing, and the wider social and economic costs associated with mental disorders. Poor mental health costs the economy billions each year; it undermines business and productivity.”

The Economic Cost of Additional Stress 

AXA’s survey found that the pandemic has had a terrible toll on the mental health and sense of wellbeing of people. 

The survey found that different factors affect our mental health during the pandemic, with some factors posing more of a risk than others. 

Advertisements
UltraSoftBIS Work Smarter, Not Harder

Here are the factors that worsened our chances of coping well with the Covid-19 pandemic (in order from most likely to affect our chances of coping well to least likely to affect our chances of coping well):

  • Having intimate relationships affected
  • Having a poor state of mind prior to Covid-19
  • Living in a bigger household
  • Being an extrovert
  • Having increased job stress
  • Having to take more responsibility for others
  • Having your financial security destabilized
  • Losing your job because of Covid-19
  • Having a history of mental ill-health
  • Being a woman

According to survey findings, “during the pandemic, the number of people saying they had poor mental health tripled.” Furthermore, those with pre-existing conditions suffered the most, with 42% of respondents citing that they felt they were losing control of their lives because of the crisis.

While the pandemic has come to exacerbate stress and mental health issues, it is not entirely responsible for high levels of poor mental health. 

“Even before the Coronavirus pandemic, Europe was struggling with mental health issues.” 

More stories for you

47% Of Americans Are Polyworking—And Most Say It’s No Longer Optional

47% Of Americans Are Polyworking—And Most Say It’s No Longer Optional

3 days ago
Gen Alpha Envisions An AI-Run, Email-Free Future Of Work, IWG Finds

Gen Alpha Envisions An AI-Run, Email-Free Future Of Work, IWG Finds

1 week ago
Nearly Half Of U.S. Workers Now Struggle To Balance Jobs And Caregiving, Up 13% Since 2019

Nearly Half Of U.S. Workers Now Struggle To Balance Jobs And Caregiving, Up 13% Since 2019

1 week ago
Burnout Costs Australian Businesses AUD $14 Billion Annually

Burnout Costs Australian Businesses AUD $14 Billion Annually

1 week ago

In fact, “one in four of those surveyed said they’d sought professional help before the pandemic to improve their mental health.

Still, the increase in “bad general mood or state of mind” is significant and it can be attributed to the fact that people are facing new challenges.

Two of the main reasons why people cited poor mental health were an increase in work stress and a worsening of their financial situations; leadinging to deteriorating levels of mental health. 

“Of those still with jobs, 62% reported that their stress levels had increased compared with pre-pandemic levels. Many – 81% – also described themselves as having a poor or low state of mind.”

Advertisements
UltraSoftBIS Work Smarter, Not Harder

As for financial issues, there’s a clear correlation between mental health and financial stability, the survey found. “54% of those in a ‘bad’ or ‘very bad’ state of mind also said their financial situation had worsened during the pandemic.”

Interestingly, extroverts have suffered more during the crisis when compared to introverts, who are typically more likely to report mental health issues. The survey argues that extroverts suffering from mental health issues is a direct response to lockdown measures and enforced isolation. 

And there’s an economic price to pay for all of this. 

“Mental ill-health accounts for half of all long-term sick leave in Europe. Overall, the cost to the EU economy of mental ill-health is estimated at a staggering €600 billion a year – equivalent to more than 4% of annual GDP.”

Advertisements
Get more revenue. Do less work - Alliance Virtual Offices

The Pandemic’s Silver Lining

The survey concluded that “one silver lining is that the pandemic has highlighted to people the importance of mental health: 60% of those surveyed said they’d changed their view of mental well-being as a result of Covid-19; 70% said they’d learned to accept those seeking professional help – a sign that the stigma surrounding mental illness is beginning to recede.”

While awareness of mental health issues and available support services differ and vary by country, there is a change in attitude taking place. A change that will, most likely, be permanent.

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Mental HealthWork-life Balance
Share5Tweet3Share1
Cecilia Amador de San José

Cecilia Amador de San José

Cecilia is an experienced writer and editor with a background in strategic communications. She has written articles for Allwork.Space on several topics, including the future of work, flexible workspaces, employee wellness., and more.

Other Stories Recommended For You

47% Of Americans Are Polyworking—And Most Say It’s No Longer Optional
News

47% Of Americans Are Polyworking—And Most Say It’s No Longer Optional

byAllwork.Space News Team
3 days ago

Polyworking — holding several jobs or income streams at the same time — is not a new concept, but it...

Read more
Gen Alpha Envisions An AI-Run, Email-Free Future Of Work, IWG Finds

Gen Alpha Envisions An AI-Run, Email-Free Future Of Work, IWG Finds

1 week ago
Nearly Half Of U.S. Workers Now Struggle To Balance Jobs And Caregiving, Up 13% Since 2019

Nearly Half Of U.S. Workers Now Struggle To Balance Jobs And Caregiving, Up 13% Since 2019

1 week ago
Burnout Costs Australian Businesses AUD $14 Billion Annually

Burnout Costs Australian Businesses AUD $14 Billion Annually

1 week ago
Advertisements
Yardi Kube automates flex & coworking operations
Advertisements
Nexudus - Discount

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

2025 Allwork.Space News Corporation. Exploring the Future Of Work® since 2003. All Rights Reserved

Advertise  Submit Your Story   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Advertise | Media Kit
  • Submit Your Story
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00