Hardship surely has an influence on mentallity.

[abhiseshakana]

So from your explanation, I think depend on how often someone face difficulties, the more often someone get pressure, the stronger it gets. Difficulties and obstacle create resilience and when we face any difficulties it is like stress training and normally people will make adjustment in any sector to get survive. I know thatmoney not just about amount and number, its had correlation to a sense of security, personal dignity and control of our life. Its relateds to our basic needed directly so less economic problem responded by our brain as threat to our survival and based on some of my friend experiences what make stressed not lack of money itself but actually the uncertainty condition, it make some people feel sorrow not knowing how long their situation will get better. Some people secretly link their financial situation with se;f worth or social acceptance and the most worse think i don't know why financial problem if not managed followed by other problem such as family conflict, debt, decreased productivity and impulsive decision and many people also give up and doing su*cide. So please do check list on the presence or absence of an emergency fund, your  stability of cash flow and the presence or absence of stressful debt to avoid stressfull live.

[MArsland]

When survival becomes the priority, there is no room for thinking about long-term goals, which is why developing countries with high unemployment rates are struggling when it comes to innovation and creativity. But who is at the fault here?

High population or corrupt leaders is possible cause but as individual we can't decide where we are born so we have to adapt to where we are and then see is there any escape from there.

Quite relate to what I often encounter and witness in several cases both paying attention to the conditions of neighboring countries and the country where I live. On the other hand, blaming the government also has a point because an economic system that does not make it easy to find work often brings down the mentality of its citizens. But what can be made, we are also required to be able to continue to survive in any way.
This also applies to starting to build alternatives, adding skills to get other sources of income. Everything is not instant but at least there is an intention to try to start improving the situation.

[Samlucky O]

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

In addition to that, economic hardship affect the mentality of a person to the extent that every opportunity become a scam. I makes you see good opportunity as scam attempt. It make you feel nothing is genuine. It increases your level of negativity instead of positivity. Sometimes it makes people lack confident to pursue their carrier. Economic hardship affect some persons to the extent of seeing people around them as the cause of their predicament. There is nothing economic hardship can not make a person think.

[Hewlet]

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Very true. Limited resource scares one from taking risk because you don't want to risk all you've got and face the challenge of starting from the button without a certainty that you can easily build yourself back to the top.

Mentality isn't formed overnight. It's a product of what we can even describe to be your reality joined with circumstances that has snapped it and if the economy isn't soo good, it's going to jointly lead to gross influence on not just your mentality but also reaction and response to things. Environment and circumstances shapes you a lot.

[yixichloro2xx]

That is very true. Economic hardship often shape the way people thinks. People won't be able to plan for the long term especially when daily survival becomes something of a concern. They won't be able to save or invest properly. These makes people to have poor decisions making and confidence to try on new things e.g Entrepreneurship startup. Even business owners finds it hard to survive in an economic that isn't favorable. This ongoing conflict has increased the hardship in my place due to high cost of Petrol, it has affected transportation, small scale business owners who need power supply etc. That is why stable economic conditions matter. They give people room to plan, grow, and think beyond today.

[lovesmayfamilis]

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

I would have bet. You, OP, have quite a lot of affirmative expressions that don't seem worth disputing, but this is fundamentally wrong. You don't need to put all people on the same level. People are very different, at least in terms of their characters. Some people get depressed when they encounter difficulties, but for others, difficulties are the next motivation to move forward. When people have stressful situations, they can, contrary to your expectations, create a goal for survival that they previously considered either unnecessary or unimportant. Thus, difficult situations are sometimes an engine for improving one's life.

[fruktik]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

I recently read a surprising fact about my country. As people's financial situation worsens, the number of antidepressants sold increases. There's a clear correlation here. I agree. What kind of peace of mind can you have when your thoughts are constantly preoccupied with how you'll live tomorrow? I know this firsthand. I was so depressed I couldn't even afford the basics that I didn't want to see the world in any form.

[Razmirraz]

Economic difficulties are a tough test for each individual. The psychological impact often triggers family conflict due to unmet needs or other negative things. In situations like this, you must accept reality and never blame yourself. Instead, focus on the control you still have. If you take the right approach during financial hardship, such as maintaining your mental health and improving your financial strategy, no matter how difficult the situation, you can overcome the burden.

When someone is under economic pressure, their mindset automatically turns to cognitive resources to overcome the threat of that difficulty. Self-defense mechanisms will form naturally by prioritizing urgent needs over long-term plans such as investments.

[Accardo]

When someone is under economic pressure, their mindset automatically turns to cognitive resources to overcome the threat of that difficulty. Self-defense mechanisms will form naturally by prioritizing urgent needs over long-term plans such as investments.

When you think of the impact of economical hardship, you'd see how everything seems to change around the person or people, things they once handled financially, begin to become very hard to hold upon, the thoughts of it alone is enough to melt down the mental strength of the person in hardship. Friends, relatives, starts deserting, leaving the person all to himself to fix their problems, these quick changes goes down to be a huge trouble for a person who undergoes this trouble for the first time, or feels betrayed by the actions of the people who no longer stand by them.

[Makus]

When we talk of economic hardship, people relate it mostly with its effect on the accounts and pockets of persons, but hardship does more than that, it does a lot of damage to the mentality of victims of economic hardship.

When people experience pressure under economic hardship, their thinking is surely short term, instead of thinking of the next investment, the attention is fixed in the next meal; capital expenditure is surely eliminated.

Economic hardship also affects the ability to take calculated risks, and try out new ideas, because there's little or no room to risk resources without certainty of returns, totally avoiding the ability to earn potential rewards from risks.

Mental stress from economic hardship also affects the productivity of persons.

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

They say people talk based on how they think but we forget that people's mindset are being shaped by their experiences, it takes someone that has a strong will to not bend to let the hardship that they face affect their mindset and how they see things. A lot of people are being judged when they speak, some say that they are low minded, persimmistic and all of that but that's Just a reflection of what they are going through. Hardship affects a persons mental state and how they react to things which includes the decisions they make.

[tygeade]

So we're basically discussing the obvious here. There is no doubt that when someone face economic or financial hardships, their mentality will change accordingly, and I personally don't see that as a flaw but it is a human feature that is very useful.

Humans have this capability to adapt to the situations they are surrounded with, and that is great, because when you are facing financial problems, you shouldn't be thinking about other things than taking care of the necessities at that time, and I'll explain why I think this is a feature and not a flaw.

Some people go from rich to poor for some reasons, and when that happens, they will obviously then need to manage with smaller incomes and will need to adjust accordingly, and people do that, even if they have to learn to do that.

However, if we didn't have this feature of adaptability and change in us, such people would make some money that might be enough for the basic necessities, but instead, they would spend it on luxuries or buying items that they can't currently afford to buy, only because their mentalities are unchangeable, but their conditions have changed now.

[Cryptomultiplier]

As the topic implies and from the comments I have read, it is true when we think of the saying that, 'a hungry man is a angry man.'  This is a statement of survival stage someone is experiencing, they become hyper vigilant and instead of focusing on how to see opportunities for investment and productivity, they focus on how to manage their current situation, how to see problems even when there's calm around, all this because they are functioning in survival mode due to the current hardship they may be facing.

This is the reality of today's economic situation in many countries and it's up to the individuals to fix their mentality because no one would do it for them.

[Jewan420]

I can actually feel how terrible financial stress is. Financial stress takes away a person's hobbies, becomes the biggest obstacle in the path of a chosen career and can also take away your or your children's childhood. The biggest harmful aspect of it is the creation of mental stress and various accidents due to mental stress.

Due to financial stress, I have been involved in the source of income since a very young age, although I never distanced myself from education, but my childhood was not like others. My hobbies were limited to myself. Although I have now become somewhat free from financial stress, I still remember those terrible days.

However, this financial stress can be the key to a person's success, if you can use those times properly. If financial stress cannot make you a hardworking person, then you are a failed person in life. You can never get free from this pressure.

[Compromise me]

Our mentally is the reflection of our economic condition. But Hardships or struggle do not have same affect on the mentality of everyone. In some cases it helps to enhance or polish the inner qualities of person that may not possible in normal or comfortable days. Hardship push the people to learn or invent something new. Although starting phase is usually difficult but later at time of reward it lead the good impact or sometime become source of  motivation. On the other hand hardship or struggle doesn't  always bring meaningfull change in economic conditions. It can badly affect the mental health that ultimately impact on  physical health as well, disease like anxiety depressions and blood pressure all are the outcomes of such meaning less efforts.

[Jatiluhung]

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

Although it is true that sometimes a solution or a brilliant idea emerges from such difficulties, one that can even change a person’s life or, in another positive sense, the hardships a person has endured can actually make them more resilient once they finally overcome those difficult times. as a result, they become better equipped to think more clearly about the future. However, for those who instead become overwhelmed by a difficult situation,, the impact can be far more severe. In fact, we know many people who even lose hope and give up on their circumstances.

So, yes, economic hardship does affect a person’s mentality or psychological state as well. Yet, for some,, it actually sparks critical thinking and even leads to innovations that would never have occurred to someone who has never experienced difficult times.

[Rengga Jati]

Indeed, everyone has their own personality, and their reactions may vary. However, it's usually the case that when faced with challenging circumstances, we become much more calculating when undertaking major undertakings. The stakes aren't just about profit and loss, but also about what we'll eat tomorrow and what we'll need tomorrow. This is different when we have more money, so that when our investments run into problems, we still have savings for our daily lives.

However, not everyone in financial difficulties has the mental capacity to embark on something with high risks. There are indeed people who are very hardworking and calculating, yet they dare to take actions that could be considered high-risk, but still don't exceed their capabilities. Let's just say, they dare to put some of their money to invest in something they really understand, but with very strict financial management, so they don't FOMO, but invest wisely, and still have money for their daily needs.

Mentality isn't formed overnight. It's a product of what we can even describe to be your reality joined with circumstances that has snapped it and if the economy isn't soo good, it's going to jointly lead to gross influence on not just your mentality but also reaction and response to things. Environment and circumstances shapes you a lot.

Indeed, I believe this. In most situations, mentality isn't developed overnight. Many factors, experiences, events, and conditions can influence it. It takes time to truly develop a strong yet controlled mental state. It is not easy for many people to build and maintain that. That is why it cannot be generalized.

[Davidvictorson]

Economic policies in any economy is important, when economic hardship is created, it doesn't just affect the financial situations, it also affects the mentality of individuals and households.

Reading this makes me remember Maslow’s Hierarchy of Needs and it gives it evidence that when there’s scarcity the goal on people’s mind would be short term survival mentality, majorly instant gratification. However, if the country they reside in makes good polices that can lift them out of scarcity, then their minds would open up and innovation will boom. An example we can see is that most of the innovation the world is seeing today are coming from developed nations where they have good economic policies compared to the underdeveloped or developing nations.

[Unknown Op]

Our mentally is the reflection of our economic condition. But Hardships or struggle do not have same affect on the mentality of everyone. In some cases it helps to enhance or polish the inner qualities of person that may not possible in normal or comfortable days. Hardship push the people to learn or invent something new. Although starting phase is usually difficult but later at time of reward it lead the good impact or sometime become source of  motivation. On the other hand hardship or struggle doesn't  always bring meaningfull change in economic conditions. It can badly affect the mental health that ultimately impact on  physical health as well, disease like anxiety depressions and blood pressure all are the outcomes of such meaning less efforts.

You are right that a person minds changes by the constant pressure and fear of uncertainty , when we look at someone's bank account we see the numbers in it but when we look at the back and we see the amount of stress that person has been through in order to survive.This type of pressure is creating survival mindse where a person is working hard to survive on daily basis rather than aimin for something big or having 5 to 10 year plans. It is a common practice that when the next meal is the priority than it is difficult to plan for the next year or to have a luxurious lifestyle. This risk and stress is killing the productivity and it is turning one’s financial crisis into a mental trap.  Financial struggle is exhausting the human spirit draining their energy.

[mcdouglasx]

It all depends on each person's mindset. There are a few who don't overcome these things and end up very badly. Generally, what doesn't kill us makes us stronger, but I believe it's something that can be resolved with the right mindset. If I think about all the problems I've gone through and solved, I realize now that so many negative thoughts weren't worth it. So now I go through life with that mindset, because I know that when I solve them, my mind will be at peace, and it was all about me putting obstacles in my own way.

[Coyster]

Reading this makes me remember Maslow’s Hierarchy of Needs and it gives it evidence that when there’s scarcity the goal on people’s mind would be short term survival mentality, majorly instant gratification.

That is also what came to my mind when i read the thread and i did allude to it in my first reply. Humans are naturally motivated by their present need, someone who is still at the stage were they cannot comfortably provide food and shelter for themselves cannot seek higher needs, like self esteem or self-actualization. Needs at the bottom of the hierarchy need to be achieved first, before one can aim for what's higher up. People may disagree with Maslow, but just look around and it is not hard to see that he is right.