That is part of the problem. It is very hard to quantify the consequences of economic depression because it affects everyone at least a little bit, and some more than others. It might cause so and so many more people to have to go through therapy, so and so many families break up over financial hardships, and the children are ever so slightly worse off and the second-order consequences aren't fully realised until 30 years down the line. It's individually (possibly) very small effects, but it hits the entire population.

That's hard to weigh against a concrete number of very concrete deaths and serious recuperation periods.

mass economic depression affects certain groups more than others.

Near-term fatalities affect certain groups more than others. Those with access to medical services (or can pay for more of it) will be less affected.

Which side being worse is a determination you have to make for yourself.