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What is money dysmorphia? When money never feels like enough
Money dysmorphia affects many, including retirees and the newly wealthy, with experts estimating up to 75% of clients show signs of this financial perception gap.
- Across U.S. communities, advisers describe money dysmorphia as a disconnect between feelings about finances and the actual numbers, citing examples in Minnetonka, New York City, and Longmeadow.
- Advisers trace the cause to upbringing and early money role models, noting money role models shape adult attitudes while social comparison and proximity effect amplified by online feeds intensify money dysmorphia.
- Clinicians warn the mismatch causes chronic stress and unhappiness, showing as underspending among newer retirees and overspending leading to debt and insecurity for some clients.
- Advisers recommend listing income, expenses, savings, and debt, and consulting a CFP or a financial therapist for targeted support, as advised in the source.
- High-Net-Worth clients, advisers say, estimate they see some version of this in three-quarters of cases, including those who believe they are poor, despite their assets.
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What is money dysmorphia? When money never feels like enough
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Total News Sources22
Leaning Left1Leaning Right1Center19Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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