The Great Depression Was a Financial Flash Point

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The great depression was clearly a financial flash point for a lot of people. But you argue that these financial flash points in some way stay with us, sometimes for the rest of our children's lives and our grandchildren's lives as well. And that's what i found to be true in my own experience. I went from, don't trust any financial institutions, be super conservative with your money, to investing in the riskiest possible asset class. You see this quite often in extreme behaviors. For example, if you grew up with an alcoholic parent, some people either become alcoholics themselves or they never touch the stuff.

Money worries are one of the biggest sources of anxiety in the lives of Americans. This week, we kick off our new "Money 2.0" series with psychologist Brad Klontz. He says that while external economic forces often shape our financial well-being, our unconscious beliefs about money also contribute to how well we manage our money.

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