As unemployment numbers rise and the media continues to highlight the devastating economic climate, many people are left feeling uncertain and overwhelmed. Yet, even in the face of adversity, people often adapt well over time. So, what helps some individuals “bounce back” while others continue to struggle? The answer lies in resilience—the ability to adapt well in the face of adversity—which is especially crucial in these high-stress times.
Resilience is a learned skill that can help you navigate not only the current economic challenges but also future personal, family, or work-related difficulties.
According to the American Psychological Association’s Stress in America Survey, financial stress is a significant concern in many countries, and this trend extends beyond the United States. Africa, particularly Nigeria, is facing its own economic struggles, making resilience even more essential.
It’s natural to feel overwhelmed when you’re surrounded by news that affects your family’s well-being, or that threatens to do so in the future. However, there are ways to manage stress positively and build resilience during these tough times. Viewing the current crisis with a sense of hope and utilizing resilience-building tactics can help you cope effectively.
Here are some strategies to foster resilience in challenging economic times:
1. Accept that change is a part of life.
Economic crises often require us to adjust our goals or lifestyle. Accepting that some circumstances are beyond your control will help you focus on what you can change.
2. Allow yourself to grieve your losses.
This doesn’t mean expressing anger or sadness outwardly, but it’s important to recognize and attend to your emotions. Losing income and assets, especially when wages are cut or jobs are downsized, can be emotionally taxing. It’s normal to experience anger, sadness, and fear. Acknowledge these emotions, and don’t be afraid to share your feelings with others.
3. Make connections.
Maintaining good relationships with family, friends, and others is key. Social connections provide support and can help build resilience. Talk openly with those who care about you, and accept help when needed. Engaging with community groups or support networks can also offer a sense of solidarity and hope.
4. Keep things in perspective.
On particularly tough days, remember that feelings of overwhelm are temporary. Try to visualize what you want for the future, rather than focusing on fears. This shift in perspective can help you manage stress and cultivate a hopeful outlook.
5. Look for opportunities and helpers.
Difficult times often teach us valuable lessons about ourselves. Use the current economic downturn as an opportunity to grow professionally or personally. Seek out groups or online communities that align with your interests, and use your skills to create new opportunities.
6. Be mindful of the good things in your life.
Resilient people focus on gratitude. Take time each day—whether through journaling or reflecting—for a moment of appreciation. Simple acts of gratitude, like writing a thank-you letter or acknowledging the positive aspects of your life, can have a powerful impact on your well-being.
7. Maintain a hopeful outlook.
While we can’t change what has happened, we can change how we respond. Imagine how you want to cope with the current situation and the kind of person you want to become. Develop a vision or symbol that inspires you to move forward and be a positive model for others.
8. Identify your resources and strengths.
Focus on the resources and strengths you have to solve problems. Often, we overlook our strengths and focus on weaknesses, but now is the time to recognize your abilities. Reflect on how you’ve overcome challenges in the past and use those lessons to address current issues.
9. Talk to a psychologist.
Dealing with stress on your own can sometimes feel overwhelming. If the financial strain becomes too much to bear, consider speaking to a psychologist. A professional can offer support and help you navigate the emotional aspects of financial challenges.
In conclusion, while the current economic climate is undeniably challenging, resilience can help you not just survive but thrive. By developing coping strategies, staying connected, and focusing on the positive aspects of life, you can manage stress more effectively and face the future with strength and optimism.
