Topics:

• Taking care of yourself after retrenchment or financial loss
• Taking care of your family
• What is a normal reaction to significant loss or financial hardship?
• What can you do?
• How to tell if a reaction is normal - or not
• Who can help?

Taking care of yourself after retrenchment or financial loss

Looking after your health and well-being - and that of your family - in the current financial situation


Have any of these things happened to you?

• Redundancy/retrenchment 
• Redeployment 
• Loss of job 
• Large investment losses 
• Loss of retirement income 
• Loss of investment income

Regaining control
Retrenchment and unexpected income loss may occur as a result of today's rapidly changing global economy. The impact of the economic downturn is causing a great deal of financial and emotional hardship for many Australians and their families.

This information is designed to help those affected by the current economic downturn. It contains practical tips to assist people and includes details about where to get help.

For some, financial loss may mean seeking income support, for others it could mean revising retirement plans or cutting down on household spending. Regardless of the circumstances, distress is a common and natural response to unexpected events that involve significant loss and change. In some cases, this reaction may be similar to grieving.

Research shows job or financial loss can increase a person's risk of health problems such as anxiety and depression¹. However, there are practical steps you can take to regain a sense of control over your current situation.