Money dysmorphia describes a persistent anxiety and distorted perception regarding one's financial situation, akin to body dysmorphia. Despite not being a formal disorder, it captures a significant emotional disconnect that many experience. Studies indicate approximately 29% of Americans, especially Gen Z and Millennials, experience these irrational fears and anxieties. Symptoms can range from panic over spending to guilt after purchases, highlighting how deeply financial worries can affect daily life and decision-making.
Money dysmorphia is not a recognized disorder but describes irrational fears over finances. It distorts one’s perception of financial reality, similar to body dysmorphia.
A study discovered that money dysmorphia impacts 29% of Americans, particularly Gen Z and Millennials, with over 40% feeling financially unhealthy despite their actual situation.
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