Last week, billionaire investor Tom Perkins of the venture capital firm Kleiner Perkins Caufield & Byers sent a letter to the editor of The Wall Street Journal likening criticism of the 1 percent to Nazi attacks on the Jews. As Mother Jones puts it:
“He’s not an outlier. As Paul Krugman pointed out on Sunday, the rich have been lamenting the “demonizing” and “vilifying” of the 1 percent for years. “I…suspect that today’s Masters of the Universe are insecure about the nature of their success,” Krugman wrote. But the wealthy are not just afraid of losing their money to an angry middle class. Class warfare also makes the rich uncomfortable because they worry the non-rich are judging their character and personality by how much money they have, according to therapists who counsel the rich.
“I think that with Occupy Wall Street there was a sense of the heat getting turned up and a feeling of vilification and potential danger,” Jamie Traeger-Muney, a psychologist who counsels people who earn tens of millions of dollars a year, told Politico on Thursday. “There is a worry among our clients that they are being judged and people are making assumptions about who they are based on their wealth.”
“In 2012, Mother Jones reported on how banks, including Wells Fargo and Morgan Stanley, are increasingly hiring psychotherapists like Traeger-Muney to help their extremely wealthy clients deal with the complications that come with being extremely wealthy.Here’s a bit more of what wealth therapists can tell us about how the rich may be feeling right now:
‘Although wealth counseling has existed for years, the 2008 financial crisis really sent the aristocracy sprinting for the therapist’s chair. The 2010 Capgemini/Merrill Lynch World Wealth Report, a survey that takes the pulse of zillionaires around the world, found that after the crisis, spooked clients were demanding “specialized advice.” Financial advisers must “truly understand the emotional aspects of client behavior,” the report warned… Continue reading “The stresses of being rich”
Younger people with HIV may experience more isolation and stress than older people with the disease, according to a recent study.
Researchers from Case Western Reserve University found that people younger than age 50 with HIV feel more disconnected from their support group of family and friends, largely because of stigma they felt because of their disease, researchers found, reports Huffington Post
“Meanwhile, people age 50 and older with HIV had a stronger support group they could rely on.
“The younger, newly diagnosed individual may not know anyone in their peer group with a chronic illness, much less HIV,” study researcher Allison Webel, Ph.D., RN, an assistant professor at the university’s Frances Payne Bolton School of Nursing, said in a statement.
“The researchers also found that people with HIV generally experienced higher levels of stress than those without. Specifically, HIV-positive people were 30 to 40 percent more stressed than people without the disease. Women were especially likely to experience stress from HIV.
“The findings, published in the journal AIDS Care, are based on data from 102 people with HIV between ages 18 and 64 who were surveyed on their feelings of stress and isolation. They also had their heart rate variability measured. The average participant in the study was African-American, had been managing HIV for almost 14 years, was of low-income, and was age 48.”
More at: http://www.huffingtonpost.com/2013/11/26/younger-hiv-stress-isolation_n_4339721.html
The light went on in my head during a debate over PTSD nomenclature last year.
Then-president of the American Psychiatric Association, John Oldham, was chairing a session entitled Combat-Related PTSD: Injury or Disorder? Today’s Time Magazine carries a no-nonsense article about what PTSD is, exactly.
“A stellar panel of trauma experts — retired generals, senior researchers and key framers of the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders — debated whether the term, post-traumatic stress disorder (PTSD) should be changed to post-traumatic stress injury (PTSI).
“Supporters of the change to “injury” argued that it might help overcome the stigma that many military members and veterans associate with seeking treatment for PTSD. Service members aren’t happy to report “a disorder” but might be willing to admit an injury. Those in opposition argued that “injury” is too imprecise a term for psychiatric diagnosis and treatment. As I sat through the heated session, it struck me that they were also implying that the term, disorder, is somehow “more scientific” and, therefore, “more psychiatric.” Continue reading “PTSD explained”
Unemployment rates may have dropped in the U.S. as of late, but work stress is swiftly on the rise, according to a new report.
A new survey shows that more than eight in 10 employed Americans are stressed out by at least one thing about their jobs. Poor pay and increasing workloads were top sources of concern reported by American workers, reports Huffington Post
“The third annual Work Stress Survey, conducted by Harris Interactive on behalf of Everest College, polled 1,019 employed Americans by phone. The results showed a marked increase from last year’s survey, which found that 73 percent of Americans were stressed at work. This year, that number jumped to 83 percent. Only 17 percent of workers said that nothing about their jobs causes them stress.
“More companies are hiring, but workers are still weary and stressed out from years of a troubled economy that has brought about longer hours, layoffs and budget cuts,” survey spokesman John Swartz, regional director of career services at Everest College, said in a statement. “Americans have plenty of reasons to be optimistic, but anxiety among employees is rooted into our working lives, and it is important to understand new and better ways of coping with the pressure.” Continue reading “What Americans worry about most”