Recession Stress? How to Cope with Anxiety About a Possible Recession
The current climate is highly tumultuous. What goes on in the world directly affects how we feel, think, and respond to things. This is why when watching the news, we may be tense, stressed, or feel that everything is getting quite overwhelming.
The world’s state of affairs can be stressful. Whether you’re worried about financial struggles, political changes, or other events, the media can sometimes send our brains into overdrive. It’s hard to parse out what is true and what may be inflammatory news.
If you’re worried about a possible recession and how this could impact your life, then you’re definitely not alone. Read on to find out how to cope with anxiety and stress about a potential recession.
As discussions and worries about a possible recession start to heat up, your stress and anxiety may, too. At the moment, it seems all too real that a global recession is incoming, which could have a detrimental effect on not only our finances, economy, and livelihoods, but also on our stress levels.
When it comes to a recession, uncertainty is a large part of it. You could feel uncertain about your job prospects, income, or price increases. This, in turn, ties in with feelings of anxiety and stress. You may choose to avoid costly behaviors or expenditures and may avoid spending money, where possible, due to your stress.
So, what are the signs that you’re feeling stressed out and anxious?
Signs of Stress and Anxiety
- Chest pains
- Increased heartbeat
- Headaches or dizziness
- Muscle tension
- Stomach issues
- Irritability or moodiness
- Feeling overwhelmed
- Feeling isolated
- Panicking when thinking about recession-related issues
- Nervousness or restlessness
- Having a sense of impending danger or panic
- Feeling weak or shaky
- Difficulty concentrating
- If you are experiencing any of these symptoms, and this is related to worries about a recession, then it is important that you know how to cope with recession stress and anxiety.
How to Cope with Stress and Anxiety
Block Out Triggers
News outlets can be very triggering. There are always negative stories about the state of affairs and this can leave you feeling dizzy, overwhelmed, and stressed. Try to limit your triggers or how much media you consume.
Instead, focus on yourself and how you could be impacted in a more positive manner. Try to construct solutions instead of thinking too much about the problem or risk.
When we feel stressed, we may make rash decisions such as selling stocks, or making snap purchases because of panic. Instead, try to be mindful and take a moment. Try yoga, pilates, or deep breathing exercises when you feel overwhelmed. By engaging in relaxing activities, you are helping your brain and body to regain some calm.
Speak to a Financial Advisor
If you’re concerned about the financial impact of a recession, then speak to a financial advisor or accountant to help and advise you. These are trained professionals who can help you come up with a concrete plan to manage your finances, so it seems less up in the air. You’ll feel better prepared if the worst were to come.
Talk to a Therapist
Finally, talk to a therapist about your stressors and anxieties, as they can help you understand your fears and process them.
Many folks are feeling the pressure of an incoming recession at the moment, so know that you are not alone in your worries. Follow the steps above to help you cope and manage your stress responses, ensure you lean on others for guidance, and speak to a therapist or counsellor for help and support. They can offer you the tools and resources to cope with your anxiety.