Metadata
- Author: Emma Goldberg
- Full Title:: Are You the Only One Who’s Broke? Or Is It ‘Money Dysmorphia’? - The New York Times
- Category:: 🗞️Articles
- URL:: https://www.nytimes.com/2025/04/12/style/boom-boom-spending-money-dysmorphia.html
- Read date:: 2025-04-21
Highlights
“You see a social media post and you’re like, ‘Maybe I’m doing something wrong,’” said Veronica Holloway, 27, a data analyst who lives in Chicago. “Like somehow I must be being irresponsible if I’m not able to spend like this.” The resulting unease is leading to what financial planners call “money dysmorphia.” (View Highlight)
These perceptions, unhinged from reality, lead some to hold back on spending unnecessarily. It could lead others to overspend, sometimes enabled by “buy now, pay later” technologies; (View Highlight)
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What’s known as the hemline theory says that when the economy becomes stronger, skirts lengths become shorter; boom times mean people want to party. A corollary that some economists and sociologists have found is that when the economy turns downward, tastes for little luxuries sometimes grow. (View Highlight)
“We’re more inclined to spend frivolously because of this looming main character energy of ‘The world is going to end anyway,’” Ms. Walsh said. “What are we saving for?” (View Highlight)