“Only one-third of Canadian employers have a mental health strategy in place, and most of those organizations are not yet measuring the outcomes of their investments.” (Deloitte, 2019)Over the last several months, we have been exploring the economics of the mental health sector. In this month’s issue of Invested, we delve into the critical steps that…
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Mental Health Series: ROI on Canada’s Investment into Mental Health Initiatives
For the past several months, we have been discussing the economics of mental health. We have seen how the costs are varied and widespread, affecting sectors outside of traditional health care industries, with the estimated cost to the Canadian economy expected to be $2.5 trillion by 2041. (Deloitte, 2019) We have also established that mental…
Mental Health Series: Developments in Mental Health Economics
In the last decade, there has been growing recognition of the importance of mental health economics, or the study of the economic impact of mental illness on individuals, families, communities, and society as a whole. After looking at the limitations of these economic evaluations in our previous issue of Invested, we are now delving into…
Mental Health Series: Limitations of Economic Evidence in Mental Health Care
In previous editions of Invested, we explored the Economic impact of mental health and illness care, and why the impact is felt in sectors not included in traditional health care. In this edition, we are looking at what limitations exist in the mental health economic evidence and how they impact policy- and decision-makers. While economic evidence provides valuable…
Mental Health Series: Sources of Influence on Mental Health
In the previous issue of Invested, we explored the economic impact that the lack of mental health care has in Canada and around the world. In this issue, we look at examples of external forces that affect a person’s mental health and how funding sectors outside of health care can decrease the overall economic burden. In the previous…
Mental Health Series: The Economics of Care in Mental Health
With roughly one third of Canadians being affected by a mental illness in their lifetime[1], it can be argued that the historically underfunded sector of mental health care doesn’t make sense. It doesn’t make sense in the obvious humane sense, but it also doesn’t make sense economically.This is true, not just in Canada, but globally….
Financial Literacy: What Is It Good For?
Many families struggle with conversations about money. When this includes potentially large inheritances, it can be very difficult knowing when to begin these discussions with the next generation. Do they have the skills to manage large amounts of capital? How will you help them understand this is more about passing on a legacy than money?…
Invested in Community: CMHF
Guest Author: TC Carling, President, Canadian Men’s Health Foundation The Canadian Men’s Health Foundation (CMHF) is a national, registered charity providing information, tools, and motivation for men and their families to live healthier. Canadian men are dying at an alarming rate from chronic illness and leaving their loved ones behind. Yet, 70 percent of men’s health problems…
Invested in Community: Distress Centre Calgary
Guest Author: Diane Jones Konihowski, Lend An Ear Coordinator Distress Centre Calgary (DCC) provides free 24-hour mental health and crisis support, professional counselling, youth peer support, referrals through 211, and our programs at SORCe. We do this via phone, chat, text, and email. For 52 years, Distress Centre has served Calgary and Southern Alberta, ensuring everyone has…
Invested in Community: How to Handle Stress, Naturally!
The past two and a half years have skyrocketed the daily stresses in our lives, both physically and mentally. Our brains are incredible organs, but they do get fatigued and need rest, just like an overworked muscle does.In research by David Strayer, a cognitive psychologist at the University of Utah, he found that when we…