Money and the Experience of Loss

This is a strange and frightening time for so many of my patients, colleagues and friends. Those of us who have not yet been hit by the downturn are waiting to see when it will happen to us as well. Most of us have already experienced significant losses in our feelings of security and well-being. The money losses we point to in the stock market symbolize this for us, even if we have not yet sold anything at a loss; we are concerned about the futures we had planned. Money losses are very painful. In fact the money research shows that we feel significantly more pain ( about twice as much) over money...