Money and the Experience of Loss

The years since 2008 have been a strange and frightening time for so many of my patients, colleagues and friends. Those who were not hit by the downturn can still experience fear, waiting to see when if or when it will happen to them. Most of us have already experienced significant losses in our feelings of security, trust and well-being. The money losses we point to in the stock market, housing market and job 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. The money research...