Date of Award

Spring 2025

Degree Type

Thesis

Department

Moore School of Business

Director of Thesis

Sarah Carroll

Second Reader

Pooja Somasundaram

Abstract

After World War II, Greece faced economic struggles which led to its EU accession in 1981. In the following years, the use of credit increased and so did consumer debt. The global financial crisis of 2008 exposed Greece’s weak economy and caused the debt crisis. This led to multiple EU-IMF (International Monetary Fund) bailouts. This study examines how the crisis affected Greek citizens’ quality of life. This study specifically focuses on mental, physical, and socioeconomic health. Overall, mental and socioeconomic health worsened while physical health remained unchanged. All mental health indicators deteriorated with higher rates of depression, anxiety, and post-traumatic stress. Socioeconomic health showed increased unemployment, underemployment, and poverty. However, physical health stayed the same, with stable obesity rates and similar levels of substance use. This study has some limitations, including differences in data collection, a short time frame, and no regional analysis. Future research should study the long-term effects of this and compare urban and rural areas. These findings can help policymakers create better support strategies during economic crises.

First Page

2

Last Page

46

Rights

© 2025, Kylee Nicole Hynes

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