The wellbeing cost of mental health hits $200 billion

The cost of mental illness to Australia’s wellbeing has hit $200 billion a year – equivalent to about 12 per cent of the economy’s annual output. The Herald-Lateral Economics Index of Australia’s Wellbeing – which provides a better measure of changes in national welfare than traditional economic data – shows the drag on our collective wellbeing caused by mental illness is worth $40 billion more than a decade ago. The index’s author, Dr …

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