ABSTRACT

The US, the UK, Japan, India, and Egypt have all reported growing concern over suicides linked to debt. They are wise to be worried: in Japan, the suicide rate increased by thirty-four per cent during the 1998 financial crisis. But it is not simply the case that people who have suffered these huge financial losses feel angry, let down, and helpless. For many of these suicides, financial failure is the final blow in a long history of feeling inadequate, rejected, and robbed of love. So, when financial loss occurs, it is especially traumatic. The efforts to gain love in the eyes of the parent have been suddenly wiped out in one fell swoop, and further efforts seem utterly futile. The guilt and despair such failure elicits is enormous. But so is the rage. In the case of people who have traumatic histories of emotional insecurity, the combination of despair and rage can produce a fatal cocktail.