The Psychology of the Recession Proof Mind
Since the market crashed in the United States during mid-2007, researchers have become increasingly aware of the physical and psychological toll it has taken on individuals. Economists often talk about bubbles and recessions and how they affect an aggregate economy, but rarely discuss the devastating impact that debt,
unemployment and other financial stress has on individuals. Researchers are finding that often the most devastating effects of unemployment and a bad economy are non-monetary, but mental. However, if you have been hit hard by the recession, there some psychology-based tips you can follow that can help you weather the poor economy. Best of all, you don't have need a psychology degree to implement them.
Financial troubles, made especially pronounced in a poor economy, can affect an individual's health in at least two ways: psychologically and physically. Arthur Goldsmith, an influential professor of economics, concludes after years of research that simply being un-employed for five weeks for more can cause serious health problems. For instance, Goldsmith mentions, €Those exposed to a few months of unemployment begin to exhibit higher levels of anxiety, depression and lack of sleep.€ If unemployment goes on longer, he continues, these problems become pronounced and often long-term. Similarly, the New York Times ran an article in 2009 regarding a study conducted by the Harvard School of Public Health, that concluded the unemployed were twice as likely to develop high
blood pressure, diabetes or heart problems. Research has also shown that financial difficulties can also have devastating effects on relationships, especially marriages.
Since the effects of unemployment are serious, it is crucial you that you take steps to ensure your financial stability. First of all, debt should be avoided at all costs. One of the principal problems of unemployment is that it adds to your debt. When you are unable to make your payments on time, your stress level rises, which often results in a poorer quality of sleep and unhealthy habits. In order to prevent such a situation, set aside money that can be used in case you face the prospect of becoming unemployed. You should also make sure those in your home who could possibly be secondary providers are employable in case the primary worker is either unemployed or unavailable to work. Ultimately, remember to live within your means. Massive amounts of debt are often unnecessary and can compound financial issues if the economy takes a downturn.
While the suggestions above may help you stay away from financially stressful situations, oftentimes unemployment and debt are not a choice. If you are facing both of these issues, it is essential that you take measures to stay mentally and physical healthy. Getting proper exercise is extremely important when under financial pressure. Studies have shown that exercise helps people better manage stress, contributing to both better physical and mental health overall. Thus, if you are feeling overwhelmed, consider simply taking a walk or run around the block to get some fresh air and relax. Researchers believe that in addition to adding to debt, being inactive greatly adds to the adverse effects of unemployment. Thus it is important to find something to do that will help you focus and take your mind off of more stressful topics. This activity can be something as simple as finding a new hobby or volunteering at your animal shelter or soup kitchen. The goal is to keeping your mind and your body active. This way, you can thwart the onslaught of poor mental and physical health that a poor economy brings.
Perhaps what is most important to remaining healthy though, is staying engaged. Researchers believe that in addition to adding to debt, being inactive greatly adds to the adverse effects of unemployment. Thus it is important to find something to do that will help you focus and take your mind off of more stressful topics. This activity can be something as simple as finding a new hobby or volunteering at your animal shelter or soup kitchen. The goal is to keeping your mind and your body active. This way, you can thwart the onslaught of poor mental and physical health that a poor
economy brings. Read more at http://liverecessionproofnow.com/
unemployment and other financial stress has on individuals. Researchers are finding that often the most devastating effects of unemployment and a bad economy are non-monetary, but mental. However, if you have been hit hard by the recession, there some psychology-based tips you can follow that can help you weather the poor economy. Best of all, you don't have need a psychology degree to implement them.
Financial troubles, made especially pronounced in a poor economy, can affect an individual's health in at least two ways: psychologically and physically. Arthur Goldsmith, an influential professor of economics, concludes after years of research that simply being un-employed for five weeks for more can cause serious health problems. For instance, Goldsmith mentions, €Those exposed to a few months of unemployment begin to exhibit higher levels of anxiety, depression and lack of sleep.€ If unemployment goes on longer, he continues, these problems become pronounced and often long-term. Similarly, the New York Times ran an article in 2009 regarding a study conducted by the Harvard School of Public Health, that concluded the unemployed were twice as likely to develop high
blood pressure, diabetes or heart problems. Research has also shown that financial difficulties can also have devastating effects on relationships, especially marriages.
Since the effects of unemployment are serious, it is crucial you that you take steps to ensure your financial stability. First of all, debt should be avoided at all costs. One of the principal problems of unemployment is that it adds to your debt. When you are unable to make your payments on time, your stress level rises, which often results in a poorer quality of sleep and unhealthy habits. In order to prevent such a situation, set aside money that can be used in case you face the prospect of becoming unemployed. You should also make sure those in your home who could possibly be secondary providers are employable in case the primary worker is either unemployed or unavailable to work. Ultimately, remember to live within your means. Massive amounts of debt are often unnecessary and can compound financial issues if the economy takes a downturn.
While the suggestions above may help you stay away from financially stressful situations, oftentimes unemployment and debt are not a choice. If you are facing both of these issues, it is essential that you take measures to stay mentally and physical healthy. Getting proper exercise is extremely important when under financial pressure. Studies have shown that exercise helps people better manage stress, contributing to both better physical and mental health overall. Thus, if you are feeling overwhelmed, consider simply taking a walk or run around the block to get some fresh air and relax. Researchers believe that in addition to adding to debt, being inactive greatly adds to the adverse effects of unemployment. Thus it is important to find something to do that will help you focus and take your mind off of more stressful topics. This activity can be something as simple as finding a new hobby or volunteering at your animal shelter or soup kitchen. The goal is to keeping your mind and your body active. This way, you can thwart the onslaught of poor mental and physical health that a poor economy brings.
Perhaps what is most important to remaining healthy though, is staying engaged. Researchers believe that in addition to adding to debt, being inactive greatly adds to the adverse effects of unemployment. Thus it is important to find something to do that will help you focus and take your mind off of more stressful topics. This activity can be something as simple as finding a new hobby or volunteering at your animal shelter or soup kitchen. The goal is to keeping your mind and your body active. This way, you can thwart the onslaught of poor mental and physical health that a poor
economy brings. Read more at http://liverecessionproofnow.com/
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