Nearly half of young adults have ‘money dysmorphia,’ survey finds. Here are the symptoms

Overwhelming evidence suggests social media has a negative impact on self-esteem.

That’s not only true for how people feel about their appearance and social status but also their financial wellbeing and economic standing.

A new term, “money dysmorphia,” aims to describe the distorted view of their finances that nearly one-third, or 29%, of Americans say they now experience, according to a recent report by Credit Karma, often from comparing their financial situation to others’ and feeling inadequate.

“Money dysmorphia is kind of like today’s version of keeping up with the Joneses,” said Courtney Alev, consumer financial advocate at Credit Karma.

 

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