London Daily

Focus on the big picture.
Tuesday, Jun 02, 2026

'Tired of being sad.' The financial stress from Covid is taking an emotional toll

'Tired of being sad.' The financial stress from Covid is taking an emotional toll

The holidays often make people more vulnerable to feeling depressed or anxious. But for the millions of Americans suffering from a pandemic-induced financial crisis, the risk is much greater this season.

Many are at their wit's end. And it doesn't appear that help is on the way.

Congress is still at odds over a package that would provide additional economic aid to those who have lost their jobs or are struggling to get by. For many Americans, federal pandemic benefits are set to expire by the end of next month -- if they haven't already.

Readers have told CNN Business how desperate, dismayed and depressed they've become.

Barely getting by


"I've exhausted all of my unemployment benefits. I've had to resort to food stamps and [California's Medicaid program] for the first time in my life. I'm backdated on my rent and my credit has been ruined," said 38-year-old Andrew Lee, who lives in a suburb of Los Angeles with his wife and two children.

Lee lost his job as a business development director several months before the pandemic. But once it hit, it became that much harder to find work. And he didn't initially qualify for any pandemic-related unemployment benefits.

His wife, meanwhile, was furloughed without pay from her job as a fitness instructor at a gym that has been shut down due to Covid restrictions. She now collects $467 a week in unemployment benefits.

"We're getting by barely," Lee said.

Their two cars have been repossessed and they're getting notices that their internet service may be shut off, which would make it hard for their kids to continue online classes.

Initially, Lee said, he tried to handle their worsening financial situation on his own so his family wouldn't worry. But at a certain point, he noted, "the pressure becomes so enormous and stressful it starts to show."

He became grumpier, quicker to anger and at one point was drinking too much "to escape."

"There was one instance, I kind of broke. It was like, man, just having really dark thoughts," said Lee, who reached out to his family and close friends for emotional support. Their words of encouragement helped him see this chapter as temporary. "We have to have the mentality to weather the storm," he said, describing the perspective they offered.

Now sober for two months, he said, "I'm more in the mindset that being stressed out about things I can't control, I need to kind of say f*** it because if I let it consume me I will lose more than mental health, but my family and loved ones."

Fifty-six year old Tina Louise Parsons of New Orleans used to work with autistic children in group homes. But in 2017, she became a full-time driver for Lyft and Uber after a medical crisis made it hard for her to continue working with kids.

Parsons said she used to make enough to pay her bills and even save a little. But she lost her work with Uber in February and once the pandemic hit, tourists disappeared and fewer people called for car service to get to work, diminishing the money she made at Lyft as well. She now tries to make $100 a day, which can take her 10 hours or more between making Lyft pickups, working as an Instacart shopper, and delivering food for DoorDash and GrubHub.



While she didn't qualify for much of the pandemic aid available, she was allowed to go on Medicaid, after years of living without health insurance.

"I try and be grateful for what I have," Parsons said. But not making enough to pay her bills and never feeling like her income is secure leaves her feeling depressed. "I find it difficult to want to get up in the mornings. Even harder to use what little money I have for gas to drive around and try to find something to deliver for a few dollars."

At one point, when she wasn't sure how she was going to keep her phone on and buy food in the same week, she took herself to urgent care to talk to a mental health professional.

Now, she said, "with the holidays rolling in, it does get heavy."

She normally buys and cooks food to deliver to the homeless on Thanksgiving, but she can't afford that this year. She does, however, plan to cook a turkey for herself and a friend, who moved in with her after getting evicted from his place.

"I need to make pies, bake bread and make my stuffing. I need to cook." Parsons said. "I need to do it for my own mental health. I'm just tired of being sad."

Covid financial stress and depression


Lee's and Parsons' response to their situations echo what researchers are finding.

A study from Boston University's School of Public Health found the prevalence of depression symptoms among US adults increased threefold after Covid hit.


America in 2020: Food banks have been overrun by people using them for the first time as a result of pandemic-induced financial stress.


It also found the people at greatest risk were those with lower incomes, savings below $5,000 or greater exposure to financial stressors, such as job loss.

"People experiencing financial stressors are more likely to experience depression," said Catherine Ettman, the study's lead researcher.

In other research Ettman worked on, but which has not yet been peer reviewed, the findings suggest those who lost their jobs and have difficulty paying rent are more likely to have suicidal thoughts.

Meanwhile, a study from the Commonwealth Fund, a health policy research foundation, found that more Americans have experienced negative financial impacts and mental health distress due to the pandemic than the citizens of nine other high-income countries.

Given the correlation between financial stressors and depression, Ettman suggests that more federal economic aid to those struggling will not only help them pay their bills. "Our hope is [their] mental health will improve," she said.

Newsletter

Related Articles

0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×