Should Have Seen It Coming
San Francisco therapist Joan DiFuria specializes in counseling
tech-sector executives dealing with sudden wealth. But these days many of her
clients are facing the sudden loss of that wealth.
Though many have lost millions in stocks and stock options, she
says she is seeing more resilience than despair.
"Some feel that the money wasn't theirs anyway. That it
came too easily," she says. "And there is the sense that 'I blew it,
but I can make it back.'"
As a group, she says, those in their 20s and early-to-mid 30s
appear to be coping better than those over 35 who are more likely to have
families to support and more experience with job loss.
"The younger ones have the energy and drive, and the sense
that they can come back and do it again," she says. "Many of the
29-year-olds that I see are going back to school. They are going back for the
MBAs that didn't seem important before, realizing that they need more
Older workers are more likely to experience depression,
self-doubt, and fear, DiFuria says. They are more hesitant to take the next
step and are more likely to blame themselves for their failures.
"There is a lot of second-guessing and Monday-morning
quarterbacking," she says. "People in their 40s and 50s who have had
tremendous successes and have fallen are more likely to feel responsible. There
is a sense that they should have seen it coming and should have gotten out
sooner. There is a lot more fear and a lot more humility."