The Hustle Daily Show The Anxiety Industry
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Aug 25, 2023 The podcast discusses the booming anxiety industry and the various products available to alleviate stress and anxiety. It explores the lack of regulation in the industry and the challenges of accessing mental health care. Additionally, it touches on the rise of telehealth apps and platforms, as well as the accessibility and affordability of mental health treatment. The potential use of psychedelics in mental health treatment is also mentioned.
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Anxiety Industry Growth
- About 20% of US adults suffer from anxiety disorders, creating huge demand for stress relief solutions.
- The anxiety industry is vast but largely unregulated, with many unproven products flooding the market.
Vulnerable Consumers Seeking Relief
- Anxiety relief products range from expensive wearable devices to cheap adult coloring books and supplements.
- Most of these products lack FDA regulation or verification of effectiveness, highlighting consumer vulnerability.
Personal Supplement Spending Anecdote
- Juliet Bennett-Rylah shared her experience spending significant money on supplements while waiting months between GI appointments.
- She highlighted the difficulty in accessing affordable, specialized mental health professionals, driving consumers to alternatives.