A recession is the period of TEMPORARY economic loss. Even though it’s temporary, but unfortunately it has a huge impact on our mental health. In a survey conducted in India in 2020, 84% of people stated economic recession, and 59% were facing mental health issues.
(Source: www.statista.com )
A recession is a challenge for the person facing it. It might be during a job loss or even when you are having a job but cannot fulfill your needs. This results in depression and stress.
Rising or falling is a part of our life. Someone once said, “Recession is opportunity in wolf’s clothing.”
One problem in a recession is the increase in cyclical unemployment, but our main concern is the way we handle it.
Always remember, a good time is just waiting for us. And the light at the end of the tunnel is “HOPE”. “We must accept finite disappointment, but we must never lose infinite hope.” – Martin Luther King, Jr.
Coronavirus Pandemic is a turning point for the entire world, especially for the economy. It has trembled the roots of most of the countries. Most of us have become its victim.
MENTAL HEALTH DURING RECESSION
When we face the economic downturn that affects our livelihood, our Mental Health is affected.
A recession affects the living conditions of the people being affected. Studies found a link between job loss and poor mental health outcomes and of course lower living conditions. Moreover, in cross-sectional studies, unemployment has also been found to be associated with psychosomatic symptoms and psychological distress.
People suffering from financial and job-related problems develop the symptoms of depression, anxiety and stress.
Individuals who experience even a single recession affects mental health and the symptoms as panic, anxiety and, depression arise. The recession won’t be over till we raise a generation that knows how to live on what they’ve got.
But we can stop our mental health from deterioration by applying simple strategies in our lives.
1. Be Calm and Sound
If you are experiencing financial problems? Know that you are not alone in this. Many people are fighting the financial crises in this world. Being in this situation is not your failure, but a test to check your strengths. If you are tensed about your family, then ascertain that this situation will help your family to become stronger.
2. Have a Positive Mindset
Always look for the positive side of the fence. Every night has a bright and colorful morning. Difficulties will also end up soon. Your physical and mental health are more important though. Once they’re gone, they’ll never come back! So take care of them first. Let’s acknowledge that the economic downturn is actually a big problem, but it is a cycle, meaning there will be a time when the economy will rise again. So wait for the end of the night and the beginning of a colorful day.
3. Time for a Stride
Sometimes we are too busy in our lives we don’t take time out to grow. Sometimes, all we need is a break from our busy schedules and think to take a new ride. We need some time for ourselves, some time for our family and friends, and most importantly for our mental health.
So take this time as a break from the busy life and come up with a big plan.
Enjoy your hobbies, talk with your family. Make Recession a Blessing in disguise for you!
4. Share Your Feelings and Emotions
Share your problems with someone. It will help you relieve your stress. Not only this, but you’ll also get some pieces of advice.
On the other hand, you can also talk to your family and children regarding budget management during a recession.
Reduce Expenses Live within your means
“Always cut the coat according to your needs”. It means to do as much as possible in limited money. When less money will be used, your mind will become relaxed and you can think and decide more properly. If you don’t have the need for something, don’t buy it. Use a bicycle instead of a car If possible. Don’t go for outings. Save as much as you can.
Learn some new skill
Instead of making recession a headache, try learning some new skills. Recession is a huge challenge, but alongside, it’s the best time to learn something. Learning something new will not only help you find a way of earning earlier, but also a stronger and healthier way of living. It will broaden up your mind as well. Moreover, making yourself busy and productive will also help you relax for some time.
Whatever the conditions are, learn to BE HAPPY. Enjoy every second of your life. Money come and go, but mental health is so valuable that you cannot put a number on it. Peace of mind is priceless.
Never let your fears, overcome the best of you. Always be thankful for what you have right now. Your family, your kids, your health (both physical and mental), and all other accessories.
Plan Something New
Planning is very important in our lives. If we do all our tasks with proper planning, everything will be in order.
If you use this time positively, a much better future can be created. You may also get advice from some wise people or counselors. In a nutshell, you must have a very good plan to handle a crisis.
So plan something new and great!
No doubt, our lives have become so busy and we don’t have time for ourselves. But taking care of mental health is very important.
Here are a few tips to follow during a recession and even when you have a stable economy:
Ø BE COMMITTED
Ø ALWAYS KEEP SAVINGS
Ø PAYOFF DEBTS
Ø LIVE IN YOUR BUDGET
Ø CONTINUE LEARNING NEW SKILLS
Ø INVEST IN YOURSELF
THE FINAL WORDS
A recession doesn’t mean the end of the business, and money flowing in. So never surrender to the difficulties, face them with courage and try to fight them.
Just be calm, hold your nerves, and don’t be panic. Difficult phases come into our lives, but they are a chance to learn something new and become stronger!
A time will come when everything will be just fine.
Success is in your way. Wait for the storm!