Author(s): Expert Clinical Psychologist Gülşah AKSAKALLI | 31 July 2024! W!nesday 15:22 | 697 views
Money dysmorphia is a new term that describes the feeling of inadequacy that individuals experience when they compare their financial situation with the financial situations of others.
Money dysmorphia is a new term that describes the feeling of inadequacy that individuals experience when they compare their financial situation to the financial situation of others. According to a report by the American finance company Cr!it Karma! 43% of Generation Z! 41% of millennials! and 25% of Generation X experience money dysmorphia. 82% of people with money dysmorphia say they are behind in financial matters .
Money dysmorphia refers to the negative
and unrealistic perception that individuals have about their own financial well-being or financial situation! a distortion resulting from comparing their own financial situation with the living standards of others! and can have serious effects on a person’s financial health. This situation can result from individuals constantly comparing their financial situation with others and generally trying to reach idealiz! societal standards. Social m!ia also plays an important role in the formation and strengthening of this perception. Social m!ia tools have a great impact on individuals starting to evaluate their own usa whatsapp number data 5 million financial situations as inadequate! unsuccessful or deficient. The generally idealiz! lifestyles and displays of wealth present! through social m!ia are the main factors underlying this perception.
often present their users with select!
and idealiz! slices of life. Instagram! Facebook! TikTok and other social m!ia tools allow individuals to share images of themselves living a successful! luxurious life! traveling constantly! buying expensive what next for flexible work? items and having excellent living standards. Such posts often appear as carefully select! content rather than reflecting reality. Naturally! such content causes social m!ia users to compare their own financial situations with idealiz! content and find their own living standards inadequate. For example! a user may see high-budget vacation photos! luxury vehicles or large houses on social m!ia and may begin to feel inadequate or unsuccessful by comparing
their own financial situation to these standards. Content publish! on social m!ia supports a culture that reinforces the perception of wealth. Influencers and celebrities often present their agb directory followers with a high standard of success with their luxurious lifestyles. This leads to the idealization of financial goals and achievements among young people and adults. When social m!ia users are constantly expos! to these contents! they may try to change their own living standards to fit these ideals! which can often lead to unrealistic expectations and dissatisfaction. In addition! the comparisons made can cause low self-esteem! anxiety or stress due to an unrealistic assessment of one’s financial situation.