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Industry News

Gallup poll suggest incorporating a business could boost your well being

Depression is highest among the unemployed.

Depression is highest among the unemployed.

For many Americans, not having a job is a stressful situation. This stress manifests itself in many ways, one of the most salient of which is depression. In a Gallup survey, the affliction affected 16.6 percent of people not in the workforce, by far the highest percentage of any job situation. 

While it is difficult to pinpoint the exact causality — depressed people could have a harder time finding jobs in the first place — the correlation is clear. The happier and more fulfilled a person is professionally, the less likely they are to be dealing with this mental issue. This information comes from more than 100,000 people who were surveyed as part of the Gallup-Healthways Well-Being Index. Respondents were asked if they had ever been diagnosed with depression, and if so, whether they were currently suffering from it. The results were consistent with Center for Disease Control Estimates: about one in ten Americans responded that they were depressed.

However, those responses were far from distributed equally across job situations. Not only were they much higher among those currently unemployed, they were also high among those who were employed part time and wanted full-time work. On the other end of the spectrum, they were lowest among people who work for themselves. Just 5.1 percent of self-employed respondents reported depression, less than a third of the rate of those not working. 

More so than any other factor, employment was correlated with depression. Thus, it seems plausible that better mental health is one of the benefits of incorporating your own business. If you're looking to strike out on your own, an incorporation services company can help get you on that path.