Nearly half of young adults have 'money dysmorphia,' survey finds. Here are the symptoms
www.cnbc.com
Money dysmorphia describes the distorted view of one's finances that many Americans now experience.

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

The gaslighting is at warp speed now.

  • tal@lemmy.todayEnglish
    9·
    8 months ago

    In fact, more than half of Americans earning more than $100,000 a year say they live paycheck to paycheck, another report by LendingClub found.

    I think it’d be interesting to see what would happen if some states had personal finance classes in their curriculum and some didn’t, see if there is a measurable impact down the line.

    • TORFdot0@lemmy.worldEnglish
      7·
      8 months ago

      Personal finance classes probably would have a non-negligble impact on the people that just mindless spend and don’t save for retirement etc.

      But I would think also that the wildly inflated housing and child care costs and the inelastic demand between the two means just an unexpected health emergency or unanticipated home maintenance spending would leave a family in debt and living paycheck to paycheck until its paid off.

    • MasterBlaster@lemmy.world
      1·
      8 months ago

      Well, my own observation shows me that most people don’t know the first thing about basic finances: compounding interest, budgeting, critical thinking when seeing advertisements, and the cost of take-out vs making dinner are some examples.

      For gods sakes, check your credit card and bank balances once in a while!. smh.