Tahira Probst (Washington St. U., Vancouver) and Lindsay Sears (Clemson U.) write about the negative health impacts of the recession in the January 2009 issue of the Newsletter of the Society for Occupational Health Psychology:
Unemployment has been found to be one of the top 10 traumatic life experiences. However, some researchers suggest that financial stress, job insecurity, and underemployment may be equally – if not more – potent stressors. Individuals faced with unemployment, underemployment, job insecurity, and/or financial stress have strikingly similar outcomes.
In their article “Stress and the Financial Crisis,” the authors discuss how layoffs and financial stress help cause “negative psychological and physical outcomes” and suggest effective organizational and individual responses.
Full issue pdf: sohp.psy.uconn.edu/SOHPNewsletterV5January2009.pdf (scroll to page 3).