The Decibel Do you feel broke? How to overcome ‘money dysmorphia’
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Jun 26, 2025 Shannon Lee Simmons, a Certified Financial Planner and author, discusses the intriguing concept of money dysmorphia—the disconnect between perceived and actual financial status. She explains how social media fuels anxiety and feelings of inadequacy, particularly among younger generations. Shannon offers practical strategies like taking social media breaks and fostering open conversations about money to build a healthier mindset. Tune in to discover how to reshape your relationship with finances and overcome the pressures of modern financial life.
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What Is Money Dysmorphia?
- Money dysmorphia is when your feelings about your finances don't match the reality of your financial situation.
- It often causes anxiety where people feel poorer or more financially distressed than they actually are.
Emotional Impact of Dysmorphia
- Money dysmorphia causes fight-or-flight anxiety and spiraling worry triggered by news or unexpected financial events.
- This anxiety can bleed into feeling bad about life overall, not just finances.
Social Media Warps Financial Reality
- Social media distorts our perception of what's financially normal by showing curated glimpses of others' lavish lifestyles.
- Inflation and economic headlines also contribute to feelings that money is tighter than statistics suggest.