Didn’t this sort of thing happen a lot during the Great Depression of the 1930’s? The economy crashed, rich peoples’ money evaporated, and they killed themselves en masse because they didn’t know how to survive without the wealth cushion. I work for a rich widow in Geriatric Home Care, and one day she told me “My first husband committed suicide because he was down to his last million dollars, and he couldn’t take it. He was terrified of being “poor”.
If your self-worth is determined by what’s in your bank account, then you have a serious mental problem. At least in my opinion. If you get knocked down, you’re supposed to get up and start over. Over and over, for as long as you’re stuck on this planet.
Good thoughts. I noticed our lady turned out alright. Good for her :-).
I think that it was more than being afraid of being poor in most cases. I think some were ashamed, feeling guilty if their recklessness had affected others-lenders, investors, employees, etc. Some may have had life insurance and thought that their families could benefit from it. In those days people had a sense of shame. But some still do., esp. in Asian countries. I never endorse suicide. Just saying. At least one person connected to Bernie Madoff killed himself, but Bernie himself didn’t
I don’t know how many actual Wall St. suicides there were in 1929. I know a fictional one is depicted in the film Splendor in the Grass. Mr. Stamper is from Kansas, and overextended. He’s visiting his son (Warren Beatty) at college and jumps out the hotel window.
Come to think of it, he may have shot himself. It’s been awhile since Ive seen Splendor in the Grass.