Having Money on Your Mind
The meme-worthy adage, “Whoever says money can’t buy you happiness doesn’t know where to shop,” seems to have struck a chord with millennials and Gen Zers. Aside from simple greed, Instagram and TikTok are stoking the demand that money can purchase a properly opulent existence. The financial goals of today’s kids are being redefined by algorithms operating in online. You can have money dysmorphia if you wake up in the morning and browse through social media sites full of opulence and wealth before feeling inadequate.
Money Dysmorphia: What Is It?
Cash A psychiatric illness known as dysmorphia is characterized by an individual’s warped and illogical obsession with money and the things that may be purchased with it. This is often coupled with a sense of financial unease. Dr. Jaya Sukul, a psychologist at Marengo Asia Hospitals in Faridabad, states that adult population use of social media in India is at an all-time high. The recognition you get from these networks determines your social value. When we consider that Gen Z influencers are boasting about their glamorous lifestyle, the problem becomes even more alarming. Millennials here, in contrast to those in the West, often lack the financial means to live the type of lives they see on social media. According to Sukul, this leaves individuals mentally uneasy yet financially independent.
Money Dysmorphia Symptoms?
Having a strong dread of spending money is one sign. People may be reluctant to spend money, even on essentials. One such sign of money dysmorphia is a fixation with gaining money and an inability to appreciate what you already have. For others, it could result in obsessive buying. For others, the shame that follows may be unbearable.
Why does one get Money Dysmorphia?
A multitude of social, cultural, and psychological elements come together to form the illness. One of the causes of money dysmorphia is having experienced relative poverty as a child. It may also be connected to the strain that financial riches puts on society. According to experts, those who suffer from money dysmorphia have daily difficulties.
Is there a cure for dysmorphic money?
In an unusual move, some Gen Zers are adopting “loud budgeting” as a means of overcoming money dysmorphia. There is a movement against extravagant spending. The objective is not to be poor, but rather to deliberately choose not to live a lavish lifestyle. It’s becoming more well-known on websites like TikTok.
“We’ve always had trends and anti-trends. Everything will have a counter-narrative. Loud budgeting is one way to overcome money dysmorphia, according to Sukul.
There it is, evidently plain: be vocal and in the clear.
