Parents hard hit by the recession may wonder how to explain to their children why there aren’t as many presents under the tree this year.
Christy Buchanan, professor of psychology at Wake Forest University, reminds parents that “children, in their heart of hearts, don’t want a lot of things from their parents as much as they want love from them and time with them. In the long run, it’s love, shared time, and quality interactions that they’ll remember.” [continue reading…]
Recession
In Time today Ken Stier looks at how the state of the economy could be driving people to take their own lives.
Suicide experts say there is a strong correlation between acute financial strains and depression, often a prelude to substance abuse and suicides.
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Source: Time
Kit Yarrow, a consumer psychologist, says people can alter their spending habits this holiday, feel empowered and fight the doom and gloom feeling that is affecting many.
As a professor of psychology and marketing at Golden Gate University and author of Gen buY: Why tweens, teens and twenty-somethings buy and how they’re revolutionizing the way we all shop (Jossey-Bass, August 2009), Yarrow provides insight into why people buy and shop and how the current economic situation is affecting this year’s holiday spending habits. She explains why each generation might be affected differently and offers some coping strategies [continue reading…]
As the current economic crisis and pending recession lead to rising unemployment, research by Arthur H. Goldsmith, the Jackson T. Stephens Professor of Economics at Washington and Lee University, warns of the devastating, and possibly permanent, psychological effects of joblessness. [continue reading…]
