Never hesitant to rebrand an existing phenomenon, millennials and their Gen Z frenemies are admitting to having “money dysmorphia” – a feeling of insecurity around their financial situation even when the true picture reveals little cause for concern. Some 43 per cent of Gen Z and 41 per cent of millennials say they suffer from a flawed perception of their finances, according to a recent Credit Karma study.
While it might sound like just another form of TikTok-induced anxiety, money dysmorphia is a real problem that can cause someone to make poor or ill-informed decisions.
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