Money dysmorphia is a negative or unrealistic perception of one's financial wellness. A financial therapist said younger people, like millennials and Gen Zers, are more prone to it. Life transitions, self-comparison, and old-school ideas about money can fuel money dysmorphia.
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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Gen Z has more job flexibility and access to information about money than their parents did. Still, not everyone feels good about their financial futures.
In fact, Gen Zers — people born between 1997 and 2012 — are more worried about saving than any other generation, a BI survey showed . And not all of it is tied to inflation or student loan debt. Money dysmorphia is "a negative and unrealistic perception of one's financial wellness or financial position," Amanda Clayman, a financial therapist who hosts Fresh Produce Media's Audible series " Emotional Investment ," told Business Insider.
Nearly half of Gen Zers and millennials have it, according to a recent Credit Karma survey. This story is available exclusively to Business Insider s.