Addiction

Mental health issues are on the rise worldwide

Mental and Substance Use Disorders as a Share of Total Disease Burden from 1990 to 2016

Many recent studies have indicated that mental health issues are on the rise worldwide. Anxiety and depression are markedly higher in all age groups, particularly among high school and college students.


Anxiety and depression are markedly higher in all age groups, particularly among high school and college students
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Addiction

Poster on UHNWI drug addiction

23.10.2018, Paracelsus Recovery

From Rags to Riches to Addiction — The Downfall of Billionaires

When we look into the data we see a staggering 54% of the family fortunes getting lost due to addiction & mental health issues. These two issues are more often than not intertwined and further reinforce each other. Often addictive substances are used as a coping mechanism to relieve uncomfortable feelings due to mental health issues (e.g. drinking alcohol to reduce social anxiety) and/or mental health issues could be the result of having abused addictive substances (e.g. feeling depressed or anxious after an alcohol binge).

This infographic clearly shows what ultra-wealthy families don’t want anyone to know about issues in the family: the majority of family fortunes get lost because of addiction & mental health issues.

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Addiction

MARKET INSIGHT: UNCALCULATED RISK

MENTAL HEALTH MANAGEMENT

FROM @campdenfb ca|ARTICLE | 10 APRIL, 2018 07:00 AM | BY JAN GERBER

Wealthy families spend significant sums monitoring and managing financial, operational, and other risks, yet mental health issues are equally as dangerous when they affect key family members or principals.

“Rags to riches and back again in three generations.” We’ve heard it more times than we can count, but the sad truth is, the old adage is true far too often. Great wealth is earned by the hard-working first generation, only to disappear by the third.

There is bound to be plenty of finger-pointing when family wealth trickles away. Some blame economic downturns, bad investments, regulatory changes, shifts in business or industry, and dilution of wealth spread among more family members. In the quest to preserve family fortunes, traditional risk management can involve anything from financial hedging, diversification, and legal ring-fencing, to various strategies such as cyber security and professional reputation management.

 

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