Financial Crunch May Isolate Friends and Family

Jan 23, 2009

People who lose a job or who are in the midst a financial crisis often are reluctant to talk about their struggles and may isolate themselves from friends and family.

"In the U.S. talking about personal financial matters is taboo. Facing a financial crisis often adds layers of shame and guilt," explains Denise Krause, LCSW, clinical associate professor and associate dean for community engagement in the University at Buffalo School of Social Work.

"Many of us who know these people are unsure how to reach out to them," Krause says.

For anyone interested in reaching out to friends and family members who are dealing with financial crisis, Krause offers these tips:

• Make yourself available to listen and give support. "Sometimes people just need to talk out their feelings of grief, fear, resentment, anxiety, depression, failure, loss, to name a few," Krause says.

• Listen without making a judgment, giving advice or offering sympathy. Instead, validate the other's feelings; acknowledge how difficult the situation is for them and listen with empathy.

• Ask them what would be helpful coming from you.

• Agree to help in ways that are realistic for you.

• Avoid sharing information about your friend or family member's situation with others unless they give you permission.

• Sometimes facing a financial crisis creates angry and frustrated feelings. Expect these feelings to surface and avoid taking them personally.

• Include these family members and friends in gatherings, plans and typical activities. Also be accepting that they may decline your offers.

• When possible, offer reassurance that you will stick by them through the crisis.

• When you feel "over your head" let your friends and family know this and suggest they may benefit from professional help.

Provided by The University at Buffalo

Explore further: Interactivity tools can boost persuasiveness of websites

Related Stories

Russia 'busts satellite spy ring': space commander

43 minutes ago

Russia has uncovered a group of spy satellites, the head of its space command said in a film broadcast Sunday, which warned of "enemy" satellites that could masquerade as space junk.

Pro-Saudi hackers seize Iran TV's social media accounts

53 minutes ago

Hackers took over the social media accounts of Iran's Al-Alam television Sunday and posted material supportive of the Saudi-led air war against Iran-backed rebels in Yemen, the Arabic-language channel said.

Subzero learning environment enabling avalanche research

1 hour ago

A recent article about avalanche research in Popular Science referred to the effort toward knowing more about the avalanche in its subhead as "snowslide science," and the article was about the interesting lab wo ...

China orders media giant Sina to 'improve censorship'

9 hours ago

China's government has threatened to shut down Sina, one of the country's most popular news websites unless it "improves censorship", state media reported, in a rare public glimpse into controls over the ...

Recommended for you

Music: Will climate change give us the blues?

Apr 14, 2015

Climate change is predicted to intrude into almost every area of life—from where we live, to what we eat and whom we war with. Now music can be added to the list.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.