Wednesday, 30 May 2012

Mental illness in men costs $3b, says report

Mental illness in young men costs the Australian economy more than $3 billion per annum, a new report launched by Mark Butler, the Minister for Mental Health reveals.

The cost, which equates to $387,000 lost each hour, is largely due to the unfilled potential of men who drop out of work or education while suffering their problems in silence, experts say.

The federal government covers about 31% of the annual cost of mental illness in men and boys aged between 12 and 25 through direct health and welfare costs, says the report, Counting the Cost: The Impact of Young Men's Mental Health on the Australian Economy.

Sydney Morning Herald report

Ministerial press release.

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