Pattie Pilling, RN

Stress Management for Today’s Economy Part 3

Write it Down
Therapists also recommend you keep a journal of things you’re worried about. If money and the economy are your biggest stressors right now, you could crunch the numbers right in your journal.
As you keep track of all the things you’re worried about, it’s also helpful to write down solutions to the problems you do have some control over. It’s important to recognize the difference between the issues you can’t do anything about and the ones that you can. Writing them down gives you a chance to sort them all out on paper, instead of just allowing an endless stream of worry to dominate your thoughts. It’s easier to see which problems have solutions, and which you’ll just have to see through until they’re finished. When you’re talking about a troubled economy, these will usually be pretty cut and dry. You can’t do much about whether or not you will lose your job, but there might be some minor things you can do. If the boss is making cuts based on performance, then you could up your game. However, if you’re facing job elimination, then that falls into the “wait and see” category.
It Won’t Last Forever!
Finally, remember that “This too, shall pass.” A typical recession lasts about 18 months. You might remember the last recession we had, in the 1970’s and 80’s. Here are some numbers to help you keep it all into perspective. During the last recession, the inflation rate was 13.3percent. Today, we’re looking at inflation of10.79 percent. That may not seem like much of a difference, but this is one f those cases in which a small change makes a huge difference. You’ve got to think about how many products make up the Consumer Price Index and how change s in the prices of all of those products will affect the overall inflation number.
Unemployment was also in the double digits back then, although right now it’s only 8.1 percent. The economy still isn’t as bad as it once was. While this means that things may get worse before they get better, we could still be a lot worse off than we are. The most important thing you can do is take stock of your concerns and keep sight of exactly how things are. Don’t let the media get you down. This country has seen much worse in the not-too-distant past, and we came out the other side, much stronger than we went in.
Try to Stay Positive
The most important thing you can do right now is to stay realistic and try to stay as positive as possible. Some of the problems our economy is experiencing right now are the result of people panicking. The minute something goes wrong in the economy, some people start pulling their money out of banks, selling their stocks, and hunkering down. If this happens on a large scale, it’s like a steamroll effect, dragging our economy further and further into recession. If we all take measures to handle financial stress in a responsible way, then we can help to shorten this economic crisis. A sour economy is at least partially the result of people responding to stress in a negative way. But if you put into practice some of these methods to handle your stress, you can be part of the solution!

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