Financial Crisis Can Lead to Violence

Many economists have devised theories on how the financial crisis can be prevented and solved. However, there are no guarantees that the economists’ solutions will lessen or solve the worldwide crisis. Presently, authorities are concerned that the current financial woes will lead to people’s distress. Counselling services and suicide prevention hotlines are offered by some organisations. In New York City, the Samaritans have received several money-related calls, with an over 16% increase in calls compared to the previous year. Moreover, over 500 foreclosure-related calls were recorded by the switchboard of Miami last year.

According to Kristen Rand, the Washington legislative director, the financial pressure builds up in the point when the person feels he can no longer continue and believes that it’s better if their family is dead rather than being without financial support. In Massachusetts, a housewife hid the family’s increasing financial crisis from her husband and children and shot herself to death; she left a suicide note to the mortgage company, indicating that she would be dead by the time they foreclose the house. In March 2008, Roland Gore killed himself after he shot his wife and dog. He also burned their house which had been in the process of foreclosure. Dr. Edward Charlesworth, a Houston psychologist, assumes that the current crisis creates constant anxiety for people who feel helpless without the government’s support.

Almost everyone is anxious about the current worldwide financial worries. Debt and personal finances seem to be at the forefront of people’s minds but by reducing expenses and debt, people will eventually overcome this crisis.