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: Funding review casting shadow over Portuguese research could cloud other countries

add to favorites email to friend print save as pdf

Related Stories

How Kindle Unlimited compares with Scribd, Oyster

7 hours ago

Amazon is the latest—and largest—company to offer unlimited e-books for a monthly fee. Here's how Kindle Unlimited, which Amazon announced Friday, compares with rivals Scribd and Oyster.

NASA sees powerful thunderstorms in Tropical Storm Matmo

7 hours ago

Strong thunderstorms reaching toward the top of the troposphere circled Tropical Storm Matmo's center and appeared in a band of thunderstorms on the storm's southwestern quadrant. Infrared imagery from NASA's ...

ISS 'space truck' launch postponed: Arianespace

10 hours ago

The July 24 launch of a robot ship to deliver provisions to the International Space Station has been postponed "for a few days", space transport firm Arianespace said Friday.

Recommended for you

How to win a Tour de France sprint

Jul 22, 2014

The final dash to the line in a Tour de France sprint finish may appear to the bystander to be a mess of bodies trying to cram into the width of a road, but there is a high degree of strategy involved. It ...

User comments : 0