Economic Inequality: Impacts on Mental Health and Social Structures

Abstract

Economic disparity poses significant risks to personal well-being and social cohesion, both of which are pivotal global concerns. This research utilizes both personal and aggregate financial status methods to investigate the association between economic disparity and psychological health. Through a comprehensive analysis of current literature and case studies, the study identifies how variations in wealth distribution contribute to a range of mental health issues, including stress, anxiety, and depression. Furthermore, it highlights how economic disparity exacerbates social divisions and undermines community ties. The findings underscore the complex relationship between economic status and psychological health outcomes, emphasizing the social consequences of persistent disparities. This research adopts both qualitative and quantitative methodologies to focus on the negative impacts of economic disparity. The urgent need for policy interventions is stressed to mitigate its effects. The conclusion advocates for a multidimensional approach to address the root causes of disparity, such as policy, educational, and volunteer groups, suggesting that such efforts could significantly promote greater social harmony and improve psychological health outcomes.