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COVID-19 pandemic has caused ‘collective trauma’ among US adults, new poll says

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Nearly four years after the start of the COVID-19 pandemic, the U.S. population is still experiencing “collective trauma,” a new survey suggests.

The American Psychological Association (APA), headquartered in Washington, D.C., has released the results of Stress in America 2023, its nationwide survey that polled more than 3,185 U.S. adults about their physical and mental well-being.

Adults between the ages of 35 and 44 reported the highest spike in chronic health conditions since the pandemic, rising from 48% in 2019 to 58% in 2023, according to an APA press release.

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That age group also saw the biggest increase in mental heath illnesses, led by anxiety and depression, rising from 31% in 2019 to 45% in 2023.

Even so, adults between 18 and 34 years old still had the highest rate of mental illness, at 50% in 2023.

Nearly four years after the start of the COVID-19 pandemic, the U.S. population is still experiencing “collective trauma,” a new survey suggests. (iStock)

Despite the fact that 66% of adults reported having a chronic illness, 81% of them said their physical health was “good, very good or excellent.”

The same dichotomy was shown for mental illness, with 37% of adults reporting a diagnosis but 81% saying their mental health was “good, very good or excellent.”

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“Although we appear to be back to normal since the COVID-19 pandemic, Americans are experiencing greater levels of stress and reporting higher levels of physical and mental health challenges,” said Arthur C. Evans Jr., PhD, APA’s chief executive officer, in a statement to Fox News Digital.

He added, “The survey shows that the nation continues to experience psychological distress post-COVID. The loss of more than one million Americans and massive disruptions in our workplaces, schools and the broader culture have taken their toll on the mental health of many.”

Woman with anxiety

Adults between ages 35 and 44 reported the highest spike in chronic health conditions since the pandemic, rising from 48% in 2019 to 58% in 2023. (iStock)

The survey revealed that more people are reporting chronic health conditions such as high blood pressure, anxiety and depression than before the pandemic, Evans noted. 

Financial and economic issues also rose for adults ages 35 to 44, with money-induced stress rising from 65% to 77% and economy-related concerns rising from 51% to 74% since the pandemic.

“Although we appear to be back to normal since the COVID-19 pandemic, Americans are experiencing greater levels of stress and reporting higher levels of physical and mental health challenges.”

Compared to pre-COVID, parents were more likely to experience financial strain in their households (46% compared to 34%) and fights about money increased by 28%, the survey results showed. 

They also reported that they were more likely to “feel consumed” by money-related concerns, rising from 39% in 2019 to 66% in 2023.

Tired young man sitting over laptop in the office

“Americans are experiencing greater levels of stress and reporting higher levels of physical and mental health challenges” since the pandemic, said the CEO of the American Psychological Association. (iStock)

Despite the high stress levels, many survey respondents “downplayed” their stress, the release noted.

Sixty-seven percent of the adults said their problems aren’t “bad enough” to be stressed about, and another 62% said they don’t discuss their stress with others to avoid burdening them.

“The rise in chronic illness and mental illness among adults aged 35 to 44 is clearly due to the stress and anxiety provoked by lockdowns and mandates, fear of the virus and the rampant divisiveness.”

Parents of children under 18 seemed to experience the highest levels of stress, with 48% saying that their stress is “completely overwhelming” most days, compared to 26% in 2019. 

The share of parents who said their stress keeps them from functioning rose from 20% pre-pandemic to 41% in 2023.

COVID HOSPITALIZATIONS ARE STILL A ‘PUBLIC HEALTH THREAT’ FOR AMERICA’S OLDER ADULTS, SAYS CDC

“Stress affects all systems of the body, so it is crucial that Americans know the serious impacts of stress and what they can do to reduce the effect of stressors in their life, as well as seek help from their health care providers and support systems to prevent further health conditions,” Evans said.

To help boost mental wellness, he said nurturing healthy and supportive relationships is key.

“Particularly during periods of prolonged stress, it’s important that we facilitate opportunities for social connection and support,” Evans said.

Sad man in mask

Adults ages 35 to 44 were likely most worried about their futures amid business closures and a faltering economy, said one physician.  (iStock)

Dr. Marc Siegel, clinical professor of medicine at NYU Langone Medical Center and a Fox News medical contributor, was not involved in the APA’s poll but said he did not find the results surprising.

“The rise in chronic illness and mental illness among adults aged 35 to 44 is clearly due to the stress and anxiety provoked by lockdowns and mandates, fear of the virus and the rampant divisiveness,” he told Fox News Digital.

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This particular age group was likely most worried about their futures amid business closures and a faltering economy, Siegel noted.

“On top of this, a sedentary lifestyle, less exercise, poor diet, more smoking and alcohol, and increased stress during the pandemic led to more [incidences of] high blood pressure, heart disease, strokes and cancer, as well as diabetes, lung disease and depression,” the doctor said. 

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Another potential factor is that long COVID can affect multiple organs, including the brain, said Siegel.

For more Health articles, visit www.foxnews.com/health.

LedgerX highlights CFTC regulatory gap in customer asset rules

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The U.S. Commodity Futures Trading Commission (CFTC) has focused its attention on how companies handle customer assets. Nevertheless, this fresh regulation does not fully encompass the innovative model of the crypto platform LedgerX, leaving key operational aspects subject to regulatory oversight.

Regarding regulations, the recent CFTC proposal seeks to enhance the rules for futures commission merchants (FCMs) and derivative clearing organizations (DCOs). These companies are now required to invest customer funds in highly liquid assets. Nonetheless, this revision does not account for LedgerX’s unique operational model.

LedgerX operates as a DCO, establishing direct connections with clients and deviating from the conventional role of FCMs as intermediaries. This questions how the rule should adapt to encompass such groundbreaking entities.

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Screenshot of CFTC’s proposed rule.    Source: CFTC

Commissioner Kristin Johnson has raised concerns, highlighting that the regulatory framework lags behind the industry’s rapid evolution. LedgerX, which was previously affiliated with FTX and is currently a part of Miami International Holdings, Inc. (MIH), operates in a unique sector by providing direct client access, deviating from established industry conventions.

Furthermore, LedgerX has garnered attention for its efforts to directly settle cryptocurrency transactions for clients, diverging from the conventional practice of involving intermediaries. The company has successfully obtained several CFTC registrations, reinforcing its operations with enhanced consumer safeguards, such as asset segregation.

Importantly, Commissioner Johnson advocates for a revised regulatory framework that would provide uniform protection for retail clients, regardless of whether they trade through intermediaries or directly with non-intermediated DCOs such as LedgerX.

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This appeal for action coincides with the public being granted a 75-day window to offer feedback on the proposal. This period of contemplation and dialogue has the potential to guide the CFTC in addressing the regulatory deficiencies pointed out by Commissioner Johnson.

Hence, it becomes the responsibility of the CFTC to guarantee that regulatory measures remain aligned with the constantly changing derivatives market. This commitment is essential to protect the interests of retail customers and maintain a level and fair environment in this swiftly transforming digital financial arena.

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