You’ve likely heard of the mental health condition called body dysmorphia , which causes individuals to ruminate and dwell on their perceived physical flaws. But did you know there’s a similar term describing an unhealthy relationship with money? Also called money dysmorphia (not an actual diagnosis), this term describes a fixation on and distorted view of one’s personal finances.
An Expert’s Take on Money Dysmorphia
Money dysmorphia describes a warped or inaccurate view of your own financial situation. Some people have a scarcity mindset despite having financial security and even abundance, while others are unaware of their own debt.
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According to Steven Bradshaw , a licensed psychotherapist in Los Angeles and founder of Beyond Psychology Center , with a prior career in investment banking and private equity, there are various ways money dysmorphia can show up.…