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Business Daily: Traumatised by the Great Recession

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The Financial Trauma of the Great Recession

10/09/2018 GMT

Traumatised by the Great Recession

BBC World Service - Business Daily, Traumatised by the Great Recession

How the psychological scars of the financial crisis could stay with us for decades.

The lasting psychological impact of the global financial crisis triggered by the collapse of Lehman Brothers 10 years ago.

The cost of the global financial crisis is often measured in terms of GDP, jobs, or homelessness, but the psychological scars of the Great Recession could be some of the deepest and take the longest to heal.

We hear about the link between money worries and mental health, including a businesswoman who attempted suicide after she lost her livelihood and struggled to recover. Plus, how recessions can damage an entire country's state of mind for decades, and how living through a recession could alter a young person's attitude to money for the rest of their lives.

(Picture: Lehman Brothers' employees comfort each other after the bank said it was filing for bankruptcy protection in September 2008. Credit: Getty Images)

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