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Entries in Finances (2)

Friday
Jul082011

Amid Financial Crisis, Suicide Rates Are Rising

Medioimages/Photodisc(LONDON) -- The financial crisis almost certainly led to an increase in suicides across Europe, according to health experts writing in the British medical journal The Lancet.

The statistics are startling. Suicides were falling before the recession, but an analysis by researchers in the U.S. and the United Kingdom  found a rise in recorded suicides between 2007 and 2009 in nine of 10 countries surveyed.  The increases varied from five to 17 percent for people under the age of 65. Of the group for whom suicide rates increased, Finland fared best while Greece, on the brink of bankruptcy, had the worst record.

Researchers also say the economy could lead to other health consequences including increases in heart disease and cancer rates, but data of that kind would take more time to develop.

Copyright 2011 ABC News Radio

Tuesday
Jan042011

Money Main Cause of Stress in Americans

Photo Courtesy - Getty Images(WASHINGTON ) – Most Americans say that money is their primary source of stress, according to a recent survey by the American Psychological Association.

The APA found that 75 percent of Americans consider money their biggest stressor regardless of whether they had too much money, or too little.

Nikiya Spence, a licensed financial therapist and money coach, told Consumer Affairs that issues over money can have serious consequences on financial and personal behaviors.

"People inherit problems around money from their family and this can have to do with spending and how they grow to feel about money in general," Spence said. "These underlying feelings can cause problems when it comes to finances if you're not aware of them.”

Spence said that most problems with handling money, such as spending addictions and over and underspending, are subconscious and caused by dysfunctional emotions.

Copyright 2011 ABC News Radio







ABC News Radio