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Economic Anxiety and Depression

June 29, 2010 by admin  
Filed under Anxiety

You’re already tired of the phrases – “in these uncertain economic times”, “in this bad economy”, and anything else that signifies a struggling economy and losing money. It is stressful and anxiety producing, as well as depressing, to feel like you are on your way down financially, with very little control of how or when it happens. And in NYC these feelings are intensified by the tremendous layoffs occurring as a result of the financial crisis and the spiraling feelings of it not getting better any time soon. However, it is not all doom and gloom, and there are a few things you can do to manage the feelings of depression and anxiety that may arise from dealing with the current economic outlook. First, you need to make sure that you feel like you are in control of all the things which you can actually control. No one can control “the economy”; it is a vague and abstract idea to which we subscribe enormous power. Most important is one’s “personal economy”, that which you can control and and identify and make changes within. Your personal economy is not only financial; it is emotional, cognitive, and behavioral. If you can become a better analyst of your own personal economy, then you can retain better control of how you feel, think, and behave. This is not to disavow the power of losing one’s job, running low on cash, or feeling financial pressure in any form. However, how you deal with money tells a great deal about how you often deal with life. We’ll get into this further in my next few posts.