Depressed rich people (Why + 7 coping tips)

In this brief post, we will be discussing the topic, “ Depressed rich people”, a brief introduction to depression and its major symptoms, depression andrich people, causes of depression in them, treatments or coping mechanisms and some of the most commonly asked questions regarding the topic.

Rich people are and can be depressed because:

  • Work pressure
  • Increases material needs and wants
  • Their working environment being competitive and wearing 
  • Rivalry and competition against each other
  • Drug use and addiction
  • Isolation and loneliness
  • Less resilient 
  • Their wealth fails to bring in lasting happiness.

Depression

Depression is believed to be the key cause of disability around the world. It is a mood disorder characterised by the feeling of persistent and prolonged low mood, sadness, loss of interest in pleasurable activities: anhedonia, feeling down and low throughout the day, weeks and months. 

Although the feeling of sadness and loss of pleasure is familiar and a normal feeling to every one of us, depression is something that persists and causes severe impairment in an individual’s life. It can affect people from any age group ranging from children, adolescent, adult and geriatric population.

The duration of depressive episodes differs and varies from each individual wherein, for some cases, it lasts for about 2 weeks while in others it might persist for months and years.

Symptoms of Depression

Despite Depression being a mood disorder and causing severe impairment in the individual, there are other associated effects of depression in the everyday functioning of the individual. 

It can take a toll on one’s psychological health, physical health, job performance, social relation and overall well-being. 

The three noting symptoms of Depression are:

  • Fatigability, tiredness and feeling of exhaustion
  • Anhedonia, loss of interest in pleasurable activities
  • Depressed mood or prolonged sadness

Some of the other signs and symptoms of Depression are:

  • Sustained and prolonged depressed mood
  • Loss of interest in normally pleasurable activities or those that one enjoys doing
  • Loss of sexual drives
  • Fluctuations in body weight
  • Disruption in sleep cycle resulting in insomnia and hypersomnia
  • Muscle agitation, restlessness and twitches
  • Disruption and disturbance in speech
  • Fatigue and low energy in performing daily task
  • A feeling of worthlessness and excessive guilt
  • Recurrent thoughts on death, suicide and attempts for suicide.
  • Impairment in concentration and attention

These are some of the major signs and symptoms of Depression. The severity and the interference of these symptoms differ and varied individually owing to other underlying reasons.

Depression and Rich people

Enough researches have shown that authorities, wealthy and successful people are equally depressed and often double the rate compared to the normal population. Extreme and too much success and achievement tends to pull the string of people down.

Compared to children from the middle class and lower-income, those children belonging to a richer and affluent class are more anxious and depressed. And if we look at it globally, those wealthy and developed countries have more people diagnosed with depression than the less industrialized, developing and underdeveloped ones. 

It is a notable point that depression can hit any person belonging to all kinds of social strata and despite the wealth, success and earning, none of them is immune from depression. The extreme success in the person tends to make the person vulnerable to depression.

Causes of Depression in the wealthy group

There are different reasons contributing to depression in people belonging to a wealthy group or those from well-off class.

Some of the causes behind higher susceptibility or vulnerability to depression in such a group of people are:

Excess pressure 

Many successful people are often pressurised and they feel heavy owing to their success and the need to achieve more. The higher the reach to the point of success, they tend to strive for more. This results in higher chances of falling into depression.

Lonely and feeling of emptiness

People who are successful and wealthy often feel lonely and empty. They feel they are secluded and isolated from the rest of the group. Such people often feel left out and misfit into a group.

Wearying competition

High profile individuals and the wealthy ones are victims of stiff competition and wearying one. There is constant comparison among each other and it makes them feel worthless and sense of failure. 

When there is a constant comparison with each other, the self-esteem and satisfaction of the individual tend to decrease and disturbed.

Work overload that they tend to lose focus of other aspects of life

Since an extraordinary amount of time, effort and energy are spent on their work and simply on earning fame and success, they tend to lose focus on other things of life. There is a disconnect between their job and other domains of life. And this tends to aggravate the depressive symptoms in the individual. 

Detachment from self and identity crises

When there is huge amount and excess wealth in an individual, people tend to feel detached from their own sense of self. They sometimes lose touch and focus on themselves. There are victims of their identity crisis. 

Less resilient 

Since everything they desire and wish for are simply served, are accessible and served on their plate, they are not resilient enough to bear through life’s challenges. They are in their own comfort zones for all their life and they aren’t prepared enough to tackle the life challenges.

Their value changes and varies according to time and events

The values of their life keeps on changing and it’s often unpredictable. When their success reaches high, they pay the credit to their effort, while when their business goes up, they acknowledge their client. Thus, the lack of values in life and often unpredictable ones results in their susceptibility to depression. Every milestone achieved is credited to one thing or the other.

More money, higher the greed

Since they have excess wealth to pursue all the wants and needs, it triggers them to pursue more material goods. These often lead to and fuel in social comparison and more desire in the person. And when these desires aren’t met, they feel low and depressed.

Money doesn’t bring in lasting happiness

Although they have enough money to buy everything they wish to and meet their needs, the happiness and pleasure they derive from such goods are short-term. It doesn’t produce them lasting happiness and not everything they wish for isn’t met by the wealth and money they possess. 

Personal stressors

There are more personal stressors that might result in the severity of depression such as emotional instability, relationship problems, job loss etc. Such stressors tend to make the person more vulnerable to depression.

Drug abuse and addiction

Wealthy and affluent people are reported to have higher rates of depression owing to their drug abuse and eating disorders. And these disorders tend to pave the way for depressive episodes in such people.

These are the major causes of depression in affluent and wealthy people. While some of the stressors could be personal, there are other social as well as external stressors that contribute to the vulnerability of an individual to depression and other related disorders.

Rich and Wealthy people with Depression

Buzz Aldrin, an astronaut in the 1960’s-1970’s was the second person to step on the moon. Despite his success and achievement in reaching the moon, he became alcoholic and was severely depressed after his return to home.

Neil Armstrong, another astronaut who was the first person to ever land on the moon, apart from the success, spent a few decades deciding on what to do in life ahead. 

Austen Heinz, was a well known science geek, who was successful with his own company and a rising star in Silicon Valley. However, the pressure of his entrepreneurial life has resulted in a downhill spiral and ultimately taking away his own life when he was only 31.

Coping with depression

Despite the well-known causes of depression specially in wealthy people, there are ways and treatment available that aid them in their struggle with depression. The determination and the grit they have toward their job can be transferred to their recovery and treatment processes. The creativity and the smartness they inherit can help them in their struggle with depression and other related illnesses. 

Some of the ways of getting over with the depressive episodes are:

Developing a goal with therapy

Wealthy and affluent people can set their own personal goal of seeking treatment and therapy whenever needed. This can help them in ensuring their sound mental health and to keep a check on their psychological health.

Confessing and confronting their struggle 

Another way of dealing with the struggle against mental health disorders is to dive into the past and then discover himself. By doing so, they bring into awareness their own self. And this process will aid them in understanding themselves better and thus, make their struggle easier.

Developing meta awareness about any situations

Since they are intelligent and intuitive by nature, they can easily learn their past trauma and other related issues and thus seek help whenever they find the need to. 

Learning the treatments that suits and work on them

Despite the numerous availability of treatments, they can learn the treatment that works the best for them and opt it when they feel the need. Some of the treatment options are medication, yoga, therapy, support group, journaling etc. 

Breaking the stigma associated with mental illnesses and confronting their struggle

It’s now very apparent that people are open about their struggle with depression. Thus, sharing and confessing their battle can make the struggle against the illnesses much easier and relatable to others.

Figuring out that there are is better way out

Rather than ruminating over the illness and driving away the symptoms and feeling low, they can actually soothe themselves with the affirmation that there are brighter days and better help available. Dose of optimism, perseverance and positivity can help them to elevate their mood and thus feel better. 

These are the treatment help or strategies that can help people deal with depression better especially among the affluent class of people who can actually make the best use of their knowledge, perseverance and deviation to make their struggle much simpler and effortless.

FAQs; Depressed rich people

Who is most likely to suffer from depression?

People from the age group 45-55 are most likely to suffer from depression.

Can you be rich and depressed?

Yes, just because someone is wealthy and rich doesn’t imply that they won’t suffer from depression. 

Are celebrities prone to depression?

Yes, they are vulnerable to depression and in certain years, it has actually increased.

What gender is more likely to be depressed?

Women are twice more likely to suffer from depression.

Conclusion

In this brief post, we have discussed the topic, “ Depressed rich people”, a brief introduction to depression and its major symptoms, depression andrich people, causes of depression in them, treatments or coping mechanisms and some of the most commonly asked questions regarding the topic.

Links for more information

https://www.forbes.com/sites/alicegwalton/2015/01/26/why-the-super-successful-get-depressed/?sh=1215718c3850
https://www.businessinsider.com/psychology-of-success-why-billionaires-get-depressed-2014-9?IR=T

Bibliography

Borchard, T. (2017). Why Highly Successful People Are Prone to Depression and How They Recover. everyday health. https://www.everydayhealth.com/columns/therese-borchard-sanity-break/why-highly-successful-people-are-prone-to-depression-and-how-they-recover/

Hill, C. (2018). The dark reasons so many rich people are miserable human beings. Marketwatch. https://www.marketwatch.com/story/the-dark-reasons-so-many-rich-people-are-miserable-human-beings-2018-02-22

Psychology and I. (2015). Why Do Rich People Get Depressed? Psychology and I. http://www.psychologyandi.com/rich-people-get-depressed/

Walton, A. G. (2015). Why The Super-Successful Get Depressed. forbes. https://www.forbes.com/sites/alicegwalton/2015/01/26/why-the-super-successful-get-depressed/?sh=1215718c3850