There is a human toll associated with any recession or economic downturn.
A new research has found that 500 additional deaths by suicide in the country can be linked to financial and economic reasons.
The study, carried out by the National Suicide Research Foundation, suggests that there was a noticeable spike in the rate of suicide and self-harm instances in the period between 2008 and 2012, actually reversing the previous decreasing trend.
Increased unemployment, added to depression and substance abuse, seem to have played key roles in deaths that occurred during the downturn.
The research suggests that the rate of suicide among men at the end of 2012 was 57 per cent higher than it would have been, had the recession not occurred. For women, the rate was 7 per cent higher.
For self harm issues, the rate among men was 37 percent higher, while the rate among women was 26 per cent.