Ireland's only centre for the prevention of suicide is reporting an increase in the number of attempted suicides by children as a result of the recession.
Pieta House said children are picking up on the stress and anxiety their parents are under because of financial troubles.
It has urged parents to be tell their children they are not in a hopeless situation and that family finances can change.
The group says that each week between five and 10 children under the age of 18 are referred to them.
"Children are usually the ones who will experience quietly the distress that is happening within the family," said Pieta House Chief Executive Joan Freeman.
She said that more children whose families are affected by the recession are now also seeing suicide as an option.
"There has been an increase in suicides in young children in schools," Ms Freeman added.