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Business and Suicide

ZACH DE GREGORIO, CPA www.WovesAndFinance.com New daily live streams 8:30pm MST on my other YouTube channel here:    / @zachdailygames   There is a growing problem in the business world that is sad and shocking: the growing rate of suicide. Recently we have seen the tragic suicides of Kate Spade and Anthony Bourdain, that both took the world by surprise. The CDC released statistics that show suicide rates are up 30% in half of US states since 1999. (https://www.cdc.gov/vitalsigns/suicid...) We also know that business owners report higher levels of stress and mental health conditions compared to other workers (2018 study. Small Business Economics journal). This is something they do not teach you about in business school. In fact, if you have gone through business school, I am betting no one mentioned suicide to you even once. Why is no one talking about this? I think there is a couple of reasons. First, it is a hard problem to understand. These are situations with people who are rich, successful, and in a position to have the best experiences life has to offer. And they choose to kill themselves. So it is a hard problem to figure out, and there is not any easy answers. Second, there is an expectation put on people who work in the business world to be invincible. You are in a job with a lot of stress and you are expected to be able to handle it without showing signs of weakness. I know I feel that pressure to be invincible, and I am sure you do as well. When the reality is you are human, just like everyone else. And you have frailties, just like everyone else. I am not a psychologist. I cannot give a solution or an explanation to the growing number of suicides. My whole goal here is to just talk about it. I know there are business people out there struggling, and they do not have anyone to talk to. So what I am going to do is to share a story from my own experience. The only reason I can talk about this on camera, is because it happened so long ago, and depression is not something I normally struggle with. But I do not care who you are, everyone goes through difficult moments in their life. This was my darkest moment. Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.