August 13, 2020
Listen to our weekly podcast Am I Making You Uncomfortable? about women’s health, bodies and private lives. Available on Spotify, Apple, Audioboom and wherever you listen to your podcasts.
How To Prepare For The Uncertainty Of A Recession
The news that the UK is entering the deepest recession on record is enough to fill even the hardiest among us with dread.
Those impacted by the recession of 2008 may already be replaying the struggle over in their minds, with a sense of growing fear over what could happen in the months, and years, to come. It’s a time to be kind to ourselves and to remember: we’re all in this together.
It’s understandable to feel anxious – a recession impacts the economy and people’s lives, as Yuko Nippoda, psychotherapist and spokesperson for the UK Council for Psychotherapy (UKCP), explains. “Some people might lose their jobs, a recession can make it difficult to find a job, pay rises might stop or inequality can occur,” she says. “Lots of negative things happen.”
“For some people it’s a matter of life and death. It is obviously natural to feel anxious for their future, and some people even feel in despair.”
While there’s no quick-fix for dealing with the uncertainty surrounding economic challenges, there are coping mechanisms and strategies that can relieve some of the burden. Related... Oh, It’s Your First Recession? Here’s What You Need To Know Related... How To Deal With The Uncertainty Of Redundancy In A Pandemic I’m feeling anxious, what can I do?Nippoda says it’s important to follow trustworthy sources of information. “There is too much information circulating, some of which is inaccurate,” she says. “When we feel anxious, we tend to look for reassurance and go for any information that we want to hear. However, we need to be careful about random information as our life might be catastrophic if we follow fake news.”
Psychotherapist Rakhi Chand, a member of the British Association for Counselling and Psychotherapy (BACP), agrees: “Not over-doing exposure to the news could be helpful.” Limit news notifications to your phone and try not to spend hours scrolling Social Media if you’re feeling overwhelmed by it all. 
It might be useful to take five minutes and write down what kind of information you need and want to know – then investigate some trustworthy articles from financial specialists, suggests Nippoda. “Then, we will be able to find out more details of the trend, and deal with the situation more effectively,” she explains.Other coping strategies Chand recommends include: regularly exercising, getting a good night’s sleep each night, eating healthily, and being aware of what you need for self-care. All of these can help build resilience.“Being able to say no to things that aren’t what we actually want is also vital in maintaining resilience,” says Chand. This is important – if you’re increasingly worried about money and feel unable to say no to social events or things that will cost you more than you can afford, it will only add to your worries. A person’s financial situation understandably has a huge impact on their mental health – this is especially the case for people with existing mental health problems. A Money and Mental Health survey of nearly 5,500 people with experience of mental health problems revealed 86% said their financial situation had made their mental health worse.Related... How To Properly Start Saving Money In 2020 People hit badly by the previous recession may feel an even greater sense of despair over what happens next – especially as the last time will have been traumatic for some. If this is the case, reflect on how you survived previously, says Nippoda, remembering you have a reserve of strength to call on.“It is important to remember the positive things you did and use the resources for your future experiences,” she says. “This can lead to you having hope.”Chand agrees, adding: “Do what you can to prepare, but try consciously to let go of what is out of your control,” she says. “It’s a bloody hard thing to do, but try. Stay in the present as much as you can – think about managing the short-term rather than thinking too much into the future, if possible.”Activities like reading, seeing Friends, going for walks, listening to music or taking a bath can help you to stay in the present.I’m seriously concerned about how I’ll copeA report on the 2008-2013 recession by the University of Bristol suggested economic recessions can lead to increased levels of mental illness, suicide and suicidal behaviour. Often, key stressors include Job loss, financial difficulties, debt, loss of home and relationship stresses.
There’s a big difference between feeling a bit anxious about what the future holds, and feeling suicidal or like there’s no way forward. If you’re in a bad place, it’s imperative to seek help – whether that’s speaking to someone you trust about how you’re feeling, calling your local NHS urgent mental health helpline, or, if you don’t feel like you can keep yourself safe, going to A&E where a team of trained mental health specialists can offer further support.
Charities such as Samaritans, Papyrus and the Shout Crisis text line can also lend an ear if you don’t feel like you have anyone close to you to speak to. In some parts of the UK, crisis houses are available for people to stay in for a number of days during a mental health crisis – you can find one here.
Speaking to others about how you’re feeling, or what you’re experiencing if you have lost your job or are worried about money, can be a relief – especially if you feel like there is no clear solution on hand.
Helpful places to get advice during a recession include: the Citizens Advice Bureau (CAB), the Money Advice Service (try its money navigator tool), local Job Centres, debt advice agencies (find a free debt advisor here), and mental health charities like Mind, Rethink Mental Illness, and Young Minds – some of which can offer discounted therapy sessions. You can also get a limited number of therapy sessions for free on the NHS or pay to go private. Some charities, like Turn2Us, offer money grants for people struggling financially. 
“Talk to others, if at all possible,” says Chand. “Having spoken to many during lockdown, I repeatedly heard that difficulties were vastly assuaged because of connections.”Related... Sharmadean Reid Is Fighting For A Workplace That Actually Works For Mums How Young Londoners Really Feel About Plans To Scrap Their Free Travel There's A Reason Why Socialising Feels So Exhausting Right Now
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Siegfried Fischbacher of Siegfried and Roy dead at 81 | Page Six Celebrity News
January 14, 2021
X6Ji2soRfFA
Kelly Clarkson slashes price of Tennessee mansion amid divorce | Page Six Celebrity News
January 14, 2021
fzpBd1CK50A
‘No Fun’ Angie Jakusz, ‘Survivor’ star, dead at 40 | Page Six Celebrity News
January 14, 2021
GPB3ZtYRIEs
Pregnant Influencer Emily Mitchell's Cause of Death Revealed | E! News
January 14, 2021
U8urSyGmk6Q
Riz Ahmed Reveals Wife's Identity After Secret Wedding | E! News
January 14, 2021
yGDuNHPt3AU
Why Carson Daly Told Gwen Stefani Not to Date Blake Shelton | E! News
January 14, 2021
6wKU6UB4NS8
'WandaVision' Cast Reveals the Sitcom They'd Pick To Be Trapped-In Forever
January 14, 2021
DdTGaR2vUDk
‘MLK/FBI’ Director Sam Pollard on the ‘Need to Have a Reckoning About Race’
January 12, 2021
Zd7Sx_LVmC0
Matt James Talks About The Pressure of Being the First Black ‘Bachelor’
January 04, 2021
ygzXIXcNtbg
L.A. County Supervisor Enraged Clinics Throw Unused Vaccines in the Trash | TMZ
January 14, 2021
Upzfh-nEbq0
Drake Returns To Working Out, Looks Great! | TMZ TV
January 14, 2021
JlKeaD2mjoA
Kardashians Give 'KUWTK' Crew Rolex Watches After Final Episode | TMZ TV
January 14, 2021
_9CxQG4PwQI
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
15
Jan
ITALY: Serie A
Lazio - Roma
14
Jan
ENGLAND: Premier League
Arsenal - Crystal Palace
13
Jan
ENGLAND: Premier League
Manchester City - Brighton
13
Jan
ENGLAND: Premier League
Tottenham Hotspur - Fulham
13
Jan
GERMANY: National cup
Holstein Kiel - Bayern Munich
12
Jan
ENGLAND: Premier League
Burnley - Manchester United
12
Jan
SPAIN: La Liga
Atletico Madrid - Sevilla
12
Jan
ENGLAND: Championship
Luton - QPR
12
Jan
ENGLAND: Championship
Bournemouth - Millwall
12
Jan
ENGLAND: Premier League
Wolves - Everton
12
Jan
ENGLAND: Premier League
Sheffield United - Newcastle United
12
Jan
SPAIN: La Liga
Granada CF - Osasuna
11
Jan
ITALY: Serie A
Spezia - Sampdoria
11
Jan
SPAIN: La Liga
Huesca - Real Betis
11
Jan
SPAIN: La Liga
Elche - Getafe
10
Jan
ITALY: Serie A
Roma - Inter Milan
10
Jan
ITALY: Serie A
Juventus - Sassuolo
10
Jan
ITALY: Serie A
Udinese - Napoli
10
Jan
SPAIN: La Liga
Real Valladolid - Valencia
09
Jan
GERMANY: Bundesliga
RB Leipzig - Borussia Dortmund
09
Jan
SPAIN: La Liga
Osasuna - Real Madrid
09
Jan
ITALY: Serie A
AC Milan - Torino
09
Jan
SPAIN: La Liga
Granada CF - Barcelona
08
Jan
GERMANY: Bundesliga
Borussia Monchengladbach - Bayern Munich
06
Jan
SPAIN: La Liga
Athletic Bilbao - Barcelona
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.