25. November 2008 22:27
For older adults who have lived through the Great Depression, news stories comparing present circumstances to the harsh realities of food lines, few jobs, and extreme poverty of the 1930's may be panic-producing.
Add that to the fact that an economic crisis disproportionately affects older adults who need access to retirement funds, and it's not surprising that seniors are feeling anxious.
Saint Louis University psychiatrist George Grossberg, M.D., has seen an increase in economy-related anxiety. "The anxiety and worry are immense. It is affecting millions and millions of people, especially those who were looking forward to a comfortable retirement," said Grossberg.
Grossberg, who directs Saint Louis University's geriatric psychiatry program, notes that in many cases, older adults respond well in a crisis, drawing on a lifetime of experience. For example, after September 11, seniors often had a less impulsive, more measured response than did younger people. In today's economic crisis, however, older adults have the most to lose financially and a sense of what a true economic depression can look like.
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