What is financial trauma? How to deal with it?

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earning money also causes anxiety and trauma. People who are unemployed or under-employed are its biggest victims," says Bhopal-based psychologist Dr Kakoli Roy. One of the impacts of financial trauma is an inferiority complex.

People face emotional hardships because they are unable to get a job or earn as per their expectations. “ Everyone is earning well and I am not. When this comparison comes in, then the trauma starts.

Trauma is an emotional thing, but because of these expectations, either because of comparison, or dependence, then there is trauma because of finances." A person’s financial dependency affects his personality as well as decisions related to finances, explains Dr Kakoli Roy. “Financial dependency limits a person’s ability to make money decisions on their own. If a lady who is not earning wants to go to a parlor or wants to buy something, then she is reluctant to ask or at least think of her husband or parents before making such decisions.

In extreme cases, financial trauma often leads to suicide. Cases of farmers' suicide because of crop damage and loss is a result of financial trauma. Farmers reeling under debt and facing the loss of crops feel helpless.

“Inability to take consultations because lack of money leaves their trauma untreated and often leads to depression and suicide," says Dr Roy. Shame and avoidance are another result of financial trauma. People who lose their hard-earned money in business and gambling, often end up being in guilt and not being able to talk about it.

In such cases, people are inclined to alcoholism and drugs as well. Trauma can also lead to low-self esteem and self-doubt. One such example was of a young boy who wanted to pursue his music career but could not because of