By Connor Boyd Health Reporter For Mailonline
Published: 13:10 GMT, 7 November 2019 | Updated: 13:16 GMT, 7 November 2019
A spike in the number of millennials suffering from chronic health conditions could hamstring the US economy in years to come, experts have warned.
They expect patients to fork out an extra $4,500 on medications annually as rates of depression, high blood pressure and high cholesterol continue to surge.
This will result in them having less income to pump back into the country, a report has warned.
Millennials are also more likely to take time off work due to their health woes, which will result in higher unemployment and slower income growth, experts said.
A spike in the number of millennials suffering from depression could hamstring the US economy in years to come, experts have warned (file image)
The stark warning was issued by the Blue Cross Blue Shield Association (BCBS) on Wednesday.
The BCBS is made up of 36 healthcare companies and provides coverage for one in three Americans.
Its report found that rates of depression among millennials rose by almost a third (31 per cent) in just three years, from 2014 to 2017.
The number of those suffering from ADHD shot up by 29 per cent in that time, while high blood pressure had increased by 16 per cent and high cholesterol 12 per cent.
Life expectancy improvements have stalled in the US worse than most other wealthy countries, research shows.
Experts say the financial crash in 2008 may have fuelled the trend, along with the current opioid epidemic ravaging the nation.
Since 2011, the average