The loss of control from losing a job can be overwhelming. Here's how to begin to heal.
perspective of the crossover between financial concerns and mental health issues, found evidence indicating a significant relationship between financial distress and depression.[i] Specifically, the researchers found that in a clinical sample, financial distress predicted depression, and depression predicted financial distress.
Studying 756 people who lost their jobs, they found two significant mediating mechanisms in what they describe as a “chain of adversity” from losing a job to poor health and functioning. These were decreased personal control and financial strain.
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