Late last week, the Financial Times (UK) ran a story about how men are more ‘prone to credit crunch blues’ than women in the same situation. The story is focused on men who think they might lose their jobs, who become more depressed and anxious than women. This assessment comes out of a study from Cambridge University sociologist Brendan Burchell.
The Financial Times reports,
This anxiety reflected males’ “macho” belief about “men being the breadwinner”, said Brendan Burchell, the Cambridge sociologist who carried out the research. “Men, unlike women, have few positive ways of defining themselves outside of the workplace between when they leave school and when they retire,” he said.
More from Burchell:
The stress and anxiety of people who had become unemployed “bottomed out” after about six months as they adapted to their new circumstances. By contrast, people who had not lost their jobs but thought they might be fired showed steadily worsening mental health for one to two years.
Mr Burchell said: “Given that most economic forecasts predict that the recession will be long with a slow recovery, the results mean that many people – and men in particular – could be entering into a period of prolonged and growing misery.”
Commenting on possible solutions, Mr Burchell stressed the need “to restabilise the City” – adding a mental health angle to the well-rehearsed economic arguments for shoring up the banking system.
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