Posts Tagged ‘changes in life’

Stress caused by finances

Financial aspects figured quite high on the Holmes and Rahe scale - for example, being affected by large debt or being involved in bankruptcy actually scored higher than the death of a close friend. This is because a sever change in financial status can bring about drastic changes in life-style such as for example the loss of a house, disruption of family life, not to speak of the psychological stress with regards to loss of status and self-esteem.

The constant stress and worry about finances can also be very stressful over longer term periods. Obviously when the economy becomes bad there are knock-on effects that can be very stressful and that each feature individually on the stress scale - this can include circumstances such as the loss of a job, having to move house, having a spouse take on a new job, having to work harder with less free time.

It must be remembered that we are all subjected to these stressful and life-changing events - everyone suffers from the economic consequences of a bad housing market, higher interest rates, foreclosures, becoming bankrupt, losing a job etc etc. But it is how we each react to these events that makes the difference between experience high stress and not being as stressed. Some people are just more resilient to some types of stresses than others.

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