The word dysmorphia means a mental health disorder where one spends a lot of time unnecessarily worrying about an imagined lack of a desirable trait. You might have head of body dysmorphia, muscle dysmorphia. Similarly we have "money dysmorphia". A recent study shows a growing number of Gen Z and millennials facing this issue. Young families in their 30s and 40's are earning a decent incomes and can be classified as being "rich"; however, they themselves do not feel like it as they are generally comparing their financial status with some one else. They feel they do not have enough. This often leads to poor financial decisions and high spends on things that you do not need just to feel familiarity of a association with a specific cohort or to "fit in". One of the major reasons for this is wrong and unfavorable comparisons. Feeling inadequate when you see your favorite sports icons, movie stars, celebrities, influencers showing off their lifestyles, h...
Personal financial guide