People who have a distorted view of their financial situation may constantly worry about going bankrupt or running out of money, even if they are financially stable.
This misperception about finances leaves them constantly worrying about unexpected expenses and the future, observers said.
People may then develop an unhealthy relationship with money and feel intense guilt when they spend money, even on basic necessities, or when they don’t spend money at all.
Observers say that unrealistic displays of wealth, especially on social media, can worsen financial dysmorphia, with people with the condition constantly comparing themselves to others and feeling self-conscious. He added that he felt inadequate.
The exact cause of financial dysmorphic disorder is still under investigation, but it is likely caused by a combination of factors.
For example, economic vulnerability and instability during childhood can leave lasting effects.
Observers said family attitudes toward money and social messages that link wealth to success and happiness may also contribute to distorted views.
