The national depression initiative, Beyond Blue has released a booklet to help Australians cope with the global economic crisis.
Beyond Blue chairman, Jeff Kennett says many families will find themselves in financial hardship over the next 18 months.
He says the booklet details strategies on how to cope with stress associated with financial loss and retrenchment.
"It's a booklet that helps to focus our attention through education on the things that we need to do if in fact we're in either of those two categories," he said.
"I think more importantly it's designed to educate us all about how to deal with change that might affect our lives and that of our families."
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It is very predictable and the worst case could be something up to the level of the Great Depression which was 20 per cent unemployment and lasting up to a decade.
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Associate Professor Steven Keen.
Steven Keen has come increasingly to prominence over the past couple of years specialising in the economics of Australia's spiralling household debt burden.
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