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The kreppa saves the children!

Interesting findings of a new study commissioned by the Ministry of Education, Science and Culture: Icelandic children and youths report feeling better today, in the midst of the kreppa, than they did three years ago during the “boom years”.

The study was a continuation of previous studies in the same vein that have been conducted since 1992. It was done through questionnaires distributed in grades 5-10 last February, just after the government collapsed. There was an 85% response rate.

According to one of the conductors of the study, the findings show that Icelandic children now spend more time with their parents and that parents’ support and supervision of their kids has increased. Fewer children are lonely, insecure, or suffer from sleeplessness, and fewer teenagers reported arguing with their parents or seeing their parents argue in the period preceding the study.

“Much has been said about the so called kreppa-effect, that the kreppa has a negative effect on children’s emotional well being. We do not see that in this study. On the contrary, the children evidently feel better cared for today. Many reported feeling insecure during the boom years,” Álfgeir Logi Kristjánsson, one of the authors of the study, told Fréttablaðið today.

So – yay! At the end of the day this might even be worth the cost of the fricking Icesave bill.

The weather today. Mild, though – you know, relatively. And calm. 6°C [54F]. Sunrise 8.41, sunset 5.41.

PS – Baldur Guðlaugsson just resigned.



Comments on this entry are closed.

  • andrea October 23, 2009, 3:45 pm

    The children of “The Waltons” would probably agree! 🙂

  • joeinvegas October 23, 2009, 4:04 pm

    Does this mean your crew will be around more?

  • Petri October 23, 2009, 5:26 pm

    So there is a silver lining even in this storm cloud!

  • James October 23, 2009, 6:13 pm

    I guess that’s a kind of endorsement of the Independence Party’s financial policies!

  • Easy October 23, 2009, 9:12 pm

    So – yay! At the end of the day this might even be worth the cost of the fricking Icesave bill.
    That’s optimism!!!
    I guess what they say is true: “It all depends on how you see the glass, half empty or half full.”
    With time more and more people will choose to see it half full.

  • cactusZonie October 24, 2009, 12:50 am

    “Eh hemm”…..

    While we are on the topic of Kreppa , would you please take a few and read this. This is back when the wrecking ball started it’s swing through the global economy.

    The corruption to the core is so rotten , that no one , not even the Securities and Exchange Commission is willing to touch it.
    The way they were betting on Bear Stearns is no different then the way they were betting on Iceland. Down , baby , DOWN !


    Well , I guess that now since we are in the poor house of Kreppa , we can all get together as a happy tight knit family and play Monopoly 🙂

  • Knute Rife October 24, 2009, 1:28 am

    Yes, it’s amazing how conspicuous and concentrated wealth affects the psyches of the growing masses of those whose boats aren’t rising with the tide. As the bubble deflates, the playing field is re-leveled. Now if Iceland can just bring the culprits to justice and show the children that actions do indeed have consequences.

  • Sigga October 26, 2009, 9:08 am

    Agree wholeheartedly with Knute… we need to see some people brought to account.