Money Dysmorphia: Why Millennials and Gen Z Suffer from Imaginary Poverty

Almost half of young people suffer from financial dysmorphia, feeling anxious about their income even if their financial situation is stable. Psychologists and financial advisors say this perception negatively impacts career and financial decisions, as well as consumer behavior among Gen Z and millennials. This article explains why modern young people feel they are nearly on the brink of poverty, how to combat this feeling, and what is meant by "dangerous income levels.

June 26, 2024