https://www.businessinsider.com/young-people-are-developing-money-dysmorphia-2024-7

She suggested the most productive route for people feeling anxious about money is to take in different financial perspectives and make a budget — one that's realistic and shame-free.

  • crime [she/her, any]
    ·
    4 months ago

    agony

    "self-comparison and outdated ideas about money" i.e. "get with the times, no one can afford a house you stupid proles"

  • NephewAlphaBravo [he/him]
    ·
    edit-2
    4 months ago

    "outdated ideas about money"

    yeah the idea that the capitalists pay a fair or living wage is sounding pretty outdated gui-better

    • DragonBallZinn [he/him]
      ·
      4 months ago

      The only thing better than communism is whatever liberals fantasize capitalism to be.

      All I have to do is say "I am rich" and stacks of cash flow into my wallet. Businessmen are actually super altruistic and are just dying for people without experience to apply to their c-suite positions and make easy money.

  • macabrett[they/them]@lemmy.ml
    ·
    4 months ago

    She said life transitions, self-comparison, and outdated ideas about money can fuel this perception.

    I'm gonna guess the "outdated ideas about money" include "getting paid more as inflation increases" and "having enough to afford a down payment on a home"

  • Philosoraptor [he/him, comrade/them]
    ·
    4 months ago

    While parents can teach their kids valuable lessons about saving, not all the money rules that pertained to Gen Xers and boomers translate to today's economy.

    For example, Clayman said, generations growing up in the postwar era were more likely to have pension plans, while retirement is largely self-funded now. Plus, factors like inflation and a higher cost of living can make it harder for younger people to stick to strict saving schedules.

    Things that used to be provided for you for free now require you to save money yourself, but also advice about saving money is old-fashioned and you shouldn't listen.

    No save! Only consume!

    • came_apart_at_Kmart [he/him, comrade/them]
      ·
      4 months ago

      Boomer financial advice:

      Mow lawns for a summer and save your earnings to pay for college. Take some extra shifts at the factory and buy a house. Sell it in 20 years for a million dollars and move into a condo in Florida.

      • Philosoraptor [he/him, comrade/them]
        ·
        4 months ago

        Don't forget "constantly tell everyone younger than you how much harder you worked to get here than they could ever imagine."

  • Dessa [she/her]
    ·
    4 months ago

    This isn't what dysmorphia even means. The word they want is dysphoria. But I suppose it fits the bill for pseudoscientific sounding buzzwords that sound official enough to people who aren't inoculated against it.

    • FishLake@lemmygrad.ml
      ·
      4 months ago

      “Much like gender dysmorphia, money dysmorphia goes away if you simply come to grips with being stuck in your situation” is what I’m getting from the article.

  • TheVelvetGentleman [he/him]
    ·
    4 months ago

    I tried to make a realistic budget once but knowing that I only have $100/month for food made it worse than not knowing.

  • PolandIsAStateOfMind@lemmygrad.ml
    ·
    edit-2
    4 months ago

    She suggested the most productive route for people feeling anxious about money is to take in different financial perspectives and make a budget — one that’s realistic and shame-free.

    I did a realistic and shame free budget once and indeed it turned out i can't afford neither shame nor much of anything real.

  • FlakesBongler [they/them]
    ·
    4 months ago

    So they know that we're barely making do and want us to buy more crap

    Honestly, it's fucking unbelievable because between me and my partner, our household income is pretty fucking good

    But between having to maintain our house and cars, rising food prices and the general expenses of being alive, it's still damn hard to actually save up anything or invest or whatever else these ghouls want us to do