Financial hardship and mental health among business owners in Bangladesh during COVID-19
摘要
The COVID-19 pandemic has caused an unprecedented global crisis, impacting public health, economic stability, and social systems worldwide, and highlighting the need for improved preparedness and response strategies for future pandemics. This study utilizes an online survey to explore the mental well-being of business owners in Bangladesh during the COVID-19 pandemic.
MethodsA cross-sectional online survey was conducted among 1,278 business owners in Bangladesh between July and September 2020 using Facebook, Messenger, and WhatsApp. Mental health outcomes were assessed using the PHQ-9 and GAD-7 scales. Data were analyzed using SPSS version 26.0, and variables with p < 0.05 were considered statistically significant.
ResultsStudy participants were predominantly aged 18–25 years (60.2%). Moderate and severe depression was 31.9% and 22.6% of participants, respectively; for anxiety, the percentage was 31.5% and 9.2%. Regression analysis demonstrated higher odds of depression among females, individuals from nuclear families, those experiencing income decline, and facing food scarcity due to the pandemic. Likewise, anxiety was associated with female gender, college-level education, lower income brackets, and the experience of food scarcity and potential business loss, as illustrated by binary logistic regression analysis.
ConclusionThis study highlights the significant impact of the COVID-19 pandemic on the mental health of business owners in Bangladesh, emphasizing the need for targeted mental health interventions and support systems to address their psychological distress and financial losses, such as income reduction and business closures, during future crises. The findings of this study will serve as valuable evidence for managing and preparing for future pandemics.