Glamorous Trash: A Celebrity Memoir Podcast Viral Article Book Club: Money Dysmorphia and the Cost of Being Chronically Online
Apr 18, 2025
Carolyn Huynh, a novelist and screenwriter known for her compelling stories about unhinged women, joins the conversation. They discuss the eye-opening concept of money dysmorphia and its rise amidst social media's glam and illusion. The duo tackles the pressures of creativity versus financial success in writing and the differing spending habits seen at events like Coachella. They also delve into societal perceptions of wealth and success, revealing the complexities young people face in navigating financial realities.
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Understanding Money Dysmorphia
- Money dysmorphia means having a distorted view of your financial well-being despite the facts. - It leads people to feel broke yet spend extravagantly because saving feels pointless amid crises.
Lipstick Effect & Fashion Trends
- The lipstick effect explains increased spending on small luxuries during economic downturns. - Historically, tough times inspire gaudy, over-the-top fashion as a form of escapism and celebration.
Desire for Luxury Markers
- Carolyn noticed people around her buying expensive Margella Tabby shoes, which she desires but hasn't bought. - She considers them a luxury marker similar to a small indulgence or "lipstick" item for her.