ERIC Number: EJ973868
Record Type: Journal
Publication Date: 2012-Feb
Pages: 10
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0360-7283
EISSN: N/A
Financial Disaster as a Risk Factor for Posttraumatic Stress Disorder: Internet Survey of Trauma in Victims of the Madoff Ponzi Scheme
Freshman, Audrey
Health & Social Work, v37 n1 p39-48 Feb 2012
There are no known studies to date examining the risk of posttraumatic stress disorder (PTSD) associated with sudden and dramatic personal financial loss. A Web-based, online, nonprobability convenience survey of 172 Madoff victims (56 percent female; mean age, 60.9 years) using the Posttraumatic Stress List Checklist, civilian version was conducted eight to 10 months following the focal event. Sociodemographic information and data concerning anxiety/depression and health-related concerns were gathered by self-report questionnaire. A five-point Likert-type scale was used to assess victim response to government regulatory systems. Results demonstrated that a majority of respondents (55.7 percent) met criteria for a presumptive "Diagnostic and Statistical Manual of Mental Disorders" (4th ed., text rev.) diagnosis of PTSD, and as a group, respondents acknowledged high levels of anxiety (60.7 percent), depression (58 percent), and health-related problems (34 percent). Victims overwhelmingly affirmed a substantial loss of confidence in financial institutions (90 percent). This raises a public health concern as to governmental response and counseling needs during times of severe economic trauma.
Descriptors: Posttraumatic Stress Disorder, Mental Disorders, Risk, Depression (Psychology), Anxiety, Surveys, Victims of Crime, Questionnaires, Physical Health, Likert Scales, Symptoms (Individual Disorders), Money Management
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A