Mental Health Named Top Wellness Investment amid Economic Uncertainty, Expert Says

As economic concerns persist, wellness remains a key spending priority for most U.S. consumers, with mental health emerging as the most valued investment, according to wellness executive Stevi Gable Carr.

A recent J.P. Morgan report, released in late May, estimates a 40% chance of a U.S. recession this year—down from previous projections. Despite the reduced risk, economic anxiety lingers, as noted by consumers across the country.

A woman takes notes while listening to a man during a therapy session | Source: Pexels

Nevertheless, interest in personal wellness is strong. An April report by Capital One Shopping shows that 82% of Americans continue to prioritize wellness in their spending choices. Gable Carr, founder and CEO of WISe Wellness Guild and an executive coach, said this commitment is evolving as people assess which products offer meaningful returns.

“I think we might see a downturn in some wearables and maybe supplements that aren’t tried and true or vetted or FDA-approved,” she stated. Instead, she expects “a really big shift into things like mental health, the democratization of therapy.”

In an interview with CNBC Make It, Gable Carr emphasized that mental health services stand out as a crucial area for investment, particularly during uncertain times.

Woman in white long sleeve top | Source: Pexels

“If I were going to make one suggestion, prioritizing your mental health... I absolutely say is a worthy investment,” she said. While some individuals are turning to AI tools like ChatGPT for mental health support, Gable Carr urged caution. “I am still a bit skeptical about the replacement of a real human... when you might be in a place of mental health crisis.”