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Nonetheless, members of the middle class do sometimes turn to suicide if they lose their jobs, and suicide rates tend to go up when the unemployment rate rises. "At lower [economic] levels, people worry about their jobs. Their identity isn't attached to their wealth, but it is attached to them being providers for their families," says Craig. In Detroit, where he practices, he's seeing very high levels of anxiety and worry among his patients. "If it gets worse or continues to stay bad, I would expect us to have higher levels of severe depression and higher levels of suicide."

It was the working class that eventually pushed the suicide rate up during the Great Depression. Immediately following the stock-market crash of 1929, the suicide rate actually declined for a couple of months, even in New York. (And while there were a few public financier suicides, bankers never did line up to jump out of Wall Street windows, as myth would have it. They were more likely to gas, poison or shoot themselves.) But in the troubled years that followed, the suicide rate rose from 14 deaths per 100,000 people in 1929 to 17 per 100,000 people in 1933. During the same period, the unemployment rate skyrocketed from 3.2 percent to 24.9 percent.

For most people, economic distress manifests itself in destructive but not suicidal ways: increased familial tension, overeating, drinking too much and social isolation, and therapists are seeing an upswing in all of those behaviors. Rosalind Dorlen, a Summit, N.J., therapist who sees both Wall Street clients and patients unconnected to the financial industry, says she's seen a growth of alcohol abuse among clients who have never had drinking problems before. Some patients who come to her for unrelated problems, such as marital or childrearing issues, soon start talking about the economy, the stock market and their jobs.

To fight the financial blues, experts suggest new versions of the well-known "count your blessings" wisdom. Also, people who feel connected to a broader community and those who have good family relationships and enjoy time with friends and neighbors are better able to take financial setbacks in stride. "Define yourself broadly," says Craig. And it goes without saying that if you're feeling suicidal about your finances, you should get help; a good first start is the National Suicide Prevention Lifeline (1-800-273-TALK).

People worried about money can ease their fears by writing lists of possible actions they could take to fix their finances—yard sales, second jobs, giving up a car, skipping the summer vacation. Just seeing a plan of possibilities can ease anxiety, even if they never actually have to resort to the list. Walking away from the hourly stock market reports and moving your body can also help: there's broad agreement that exercise can help fight depression in a fundamental, biochemical way. You may also take comfort from compiling a list of the people you most admire and noting how few of them are on this list because of their financial acumen. There probably won't be a Merckle or Madoff on it.

Laid-off workers or those worried about losing their jobs might consider taking an extra class or professional training that could position them for a better opportunity when the economy improves. As Long Beach, Calif., therapist Jana Martin tells her clients, "Things can change for the positive in the same abrupt way that they change for the negative."

© 2009

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  • Posted By: TroubledCitizen @ 09/21/2009 9:54:10 PM

    Suicide hot lines will try ad give you a prep talk and if they think you might be a danger to yourself or others they will give you some referral phone numbers to call. If your a male and you call these number you will find out most all qualifications for the programs require that your are either female with or with out children. If somehow you do get int the system you will be treated like your the scum of the earth and either lazy, a scammer, or have a mental/emotional illness. So you might get to the next step and have it determined that you have an emotional or mental illness. That is when things really get ugly. You will lose all your rights as a human being. They can dictate what, when, and how you can do anything in your life. The paperwork/laws/regulations will tell you you have rights but in practice your opinion or will no longer has any weight. If you disagree with a course of action a social worker, doctor, mental health professional, or dshs worker wants to implement for your life you will be dismissed as not thinking clearly and showing a symptom of your disability.

    It is no wonder that men are committing suicide rather then the alternative above. Notice you haven't been hearing about an increase in women committing suicide. That is simply because the "system" has things in place for them where as it doesn't for men. Men are disposable and I have learned that over the last couple years. I will be committing suicide as well because financially I have not alternative. Yes there is a direct correlation between the economic downturn and suicide rates risings. Duh!

  • Posted By: sgreenboim @ 02/04/2009 5:26:27 PM

    Does the suicide help line pays your mortgage and studet loans for you, or just gives you a useless pep talk about "things changing fot the positive", blah, blah blah...

  • Posted By: LoveToy @ 01/21/2009 4:28:02 PM

    I agree with AllenCharles. We need to basically stall out the system again by raising interest rates, slowing things down and then bring it back up to speed. We do need to keep our retailers in business though. FollowThatPackage.com offers online discounts to both help the consumer save some money, but it also helps out the business owners who keep these countries running.

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