The Role of Industrial Psychology in Financial Psychology in Namibia
Namibia is grappling with a sobering truth, that financial stress is no longer just draining wallets, it is claiming lives. Namibians have reported severe financial strain, often struggling to budget, manage debt, or cover basic expenses. These pressures are not only driving anxiety and depression but also contributing to the country’s rising suicide rates. Even Prime Minister Hon. Elijah Nguarare has openly shared how financial collapse nearly broke him. This is far more than an economic challenge, it is a full-blown mental health crisis. Globally, research consistently links economic hardship such as unemployment, debt, and poverty, to a heightened risk of suicide. In Namibia, this despair is often deepened by cultural taboos around masculinity, leaving many men feeling unable to admit vulnerability while silently bearing crushing psychological burdens. The high cost of living in Namibia has become an undeniable reality, especially in urban hubs like Windhoek. With commodit...