Young people are succumbing to the “scarcity mentality” // What consequences can “money dysmorphia” lead to?
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Almost half of American youth suffer from “money dysmorphia” – they worry about their financial situation, despite the absence of reasons to worry, writes Bloomberg. The publication cites a study by Credit Karma, which states that more than 40% of millennials and zoomers are worried about this. They misjudge their financial status due to depressing social media posts and a stream of negative news. Is there such a phenomenon in Russia? And what can it lead to? Daniil Babkin found out.
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