The adverse mental health of the LGBTQ+ community has been exposed economically in a report released.
The report, written created by Deloitte, on the eve of International Pride Month, showed the rate of lifetime mental health for the LGBTIQ+ in the Australian state of Victoria is 73%, significantly higher than the 46% among the general population.
The economic and financial cost is estimated to be as high as $3 billion.
LGBTIQ+ Victorians are estimated to make up to 10% of the state’s population and their mental health outcomes are driven by a complex set of factors including systemic discrimination and marginalisation within society and the health system more broadly.
Luke Condon, Engagement Partner at Deloitte said this comprehensive study clearly shows the economic cost of adverse mental health outcomes in the LGBTIQ+ population.
“The findings will help us to better understand the prevalence and costs associated,” Condon said.
“Inclusion enables both participation and productivity and therefore contributes to all Australians. This is an important piece of work on an important issue.”
Robbie Robertson (National lead for Deloitte Australia’s LGBTI+ network and ally community, Standout) said inclusion continues to be a key priority at Deloitte, which is why Standout supported this important piece of work.
“Through Standout, our goal is to create an inclusive work environment where our LGBTI+ people can be their authentic selves and feel empowered, regardless of how they identify,” Robertson said.
“This research is invaluable to that goal.”
Thorne Harbour Health commissioned the research and CEO Simon Ruth said when looking at the rates of anxiety, depression, and suicide, the message is clear – LGBTIQ mental health is in crisis.
“For the first time, we can actually see what this crisis costs our communities as well as a compelling economic case for why investing in LGBTIQ+ mental health can benefit all Victorians,” Ruth said.
The full report is here.
Last Updated on May 31, 2022