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founded 1 year ago

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Nearly half of young adults have 'money dysmorphia,' survey finds. Here are the symptoms (www.cnbc.com)

submitted 5 months ago by [email protected] to c/[email protected]

6 comments fedilink

Key Points

Social media has put a new spin on keeping up with the Joneses.
Exposure to glorified lifestyles online has left many people, especially young adults, feeling financially inadequate, even if they’re doing relatively well, reports show.

Overwhelming evidence suggests social media has a negative effect on self-esteem.

That’s not only true for how people feel about their appearance and social status, but also their financial well-being and economic standing.

A new term, “money dysmorphia,” aims to describe the distorted view of one’s finances that nearly one-third, or 29%, of Americans say they now experience, according to a recent report by Credit Karma, often from comparing their financial situation to others’ and feeling inadequate.

171

Nearly half of young adults have 'money dysmorphia,' survey finds (www.cnbc.com)

submitted 5 months ago by [email protected] to c/[email protected]

13 comments fedilink

cross-posted from: https://lemmy.world/post/13092510

The economy is fine! We just have... money dysmorphia. /s

The gaslighting is at warp speed now.

155

Nearly half of young adults have 'money dysmorphia,' survey finds (www.cnbc.com)

submitted 5 months ago by [email protected] to c/[email protected]

59 comments fedilink

The economy is fine! We just have... money dysmorphia. /s

The gaslighting is at warp speed now.