Tuesday, October 23rd, 2012
5

The Rich People Next Door Will Make You Want To Die

"The more money your neighbors make, the more likely you are to take your own life. These findings come from a new paper published at the San Francisco Federal Reserve titled 'Relative Status and Well-Being: Evidence from U.S. Suicide Deaths.' According to the results, your risk of suicide increases by 4.5 percent if your own paycheck is less than 10 percent of your county’s average income."
—Also there is this: "Moving on up to the West Side could mean you’re increasing your risk of suicide," which makes me want to end it all in and of itself. Anyway, it's a rough, rough world out there. Good luck.

Photo by Leroy Harvey, via Shutterstock

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5 Comments / Post A Comment

Danzig! (#5,318)

So… I need to move to a gated community if I'm gonna make this work.

watchmen (#238,873)

or move away :)

Morbo (#1,288)

That statistic seemed to be a bit off, so I actually read through the paper:

"Holding own income constant, a 10% higher county income is associated with about a 4.5% higher suicide hazard relative to the baseline hazard"

So,reading that, it seems like if you have an income that is 90% of the county average, your suicide risk goes up 4.5%. The press quote seems to make it like if you make $10,000 a year, when the rest of the county makes $100k, you have that 4.5% higher suicide risk.

What would be interesting to see is the delta effects on income – that is, do the suicide risks go up with those whose income had been forcibly lowered, or didn't keep up with the Jones', as opposed to those who had lagged.

hershmire (#233,671)

I make barely half my county average. How… depressing.

stuffisthings (#1,352)

@hershmire Try looking at it by state and level of education!

I make just about the average for the US, and less than 1/3 of the average for a person with a graduate degree in my (non-)state.

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