"Money Dysmorphia" Could Be Seriously Hurting Your Finances. Here's How To Tell If You Have It. [Yahoo! Finance]
NerdWallet, Inc. (NRDS)
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Source: Yahoo! Finance
One of the more insidious realities impacting people's financial health has a name as well: money dysmorphia. To help keep the negative impacts at bay, HuffPost asked experts to break down this phenomenon and share their advice for dealing with it. What is ‘money dysmorphia'? “Money dysmorphia is when you have a warped or distorted view of your finances,” said Danielle Desir Corbett , a personal finance expert and host of “The Thought Card” podcast. “You see your financial situation much differently from your reality. Money dysmorphia can be caused by a variety of reasons, including past money trauma, societal pressures, economic crisis, or could be deeply rooted in childhood upbringing.” A recent Credit Karma survey found that 29% of Americans experience money dysmorphia. “Money dysmorphia is a play on keeping up with the Joneses, except the inability to ‘keep up' is causing some people to experience feelings of inadequacy,” said Courtney Alev, a consumer financial advocat
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