A few posts ago, I discussed a new study that concluded that people who attempt an entrepreneurial venture end up better off financially, regardless of whether the venture succeeds or fails. (The theory being you learn from the experience and return to a salaried job smarter and savvier, even if your self-employment doesn’t pan out.)
Well, here’s another, if more sobering, study that lays out why spending some time in your career forging your own path may have important benefits, even if it’s tough, or doesn’t “succeed” in the end.
Silvia Canetto, a psychology professor at Colorado State University, published a study in November that explores a perplexing phenomenon: namely, that suicide rates are higher among older white men than among any other demographic group–despite the fact that white men tend to have “fewer burdens associated with aging” than other groups. White males are, for example, less likely to experience widowhood and tend to have better physical health and fewer disabilities than older women, while having more economic resources to deal with problems of aging than women or ethnic minority men.
So what accounts for the high depression and suicide rates? Professor Canetto gives two main reasons. The primary cause, she believes, is a “rigidity in coping and sense of self.” White men, she asserts, “may be less psychologically equipped to deal with the normal challenges of aging … likely because of their privilege up until late adulthood.” The second reason–for the higher incidence of suicide as a response to that depression, anyway–is that suicide is seen, culturally, as at least a masculine response to despair, a la Ernest Hemingway. [click to continue…]