Nearly half of young adults have 'money dysmorphia,' survey finds
Nearly half of young adults have 'money dysmorphia,' survey finds
Money dysmorphia describes the distorted view of one's finances that many Americans now experience.
The economy is fine! We just have... money dysmorphia. /s
The gaslighting is at warp speed now.
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Gaslighting? Did you read the article? It doesn’t say that the economy is fine. It’s about how social media makes people feel shitty about how much money they (don’t) have, because they see so many people living glamorous lives online.
Roughly 43% of Gen Z and 41% of millennials struggle with comparisons to others and feel behind financially
This is the kind of attribution they are making, that its just a psychological condition and not an actual endemic issue that needs to be addressed.
I can definitely see why the term "gaslighting" was used
"Sir, 50% of the population has this virus called COVID."
"It's just a virology condition and not an actual endemic issue that needs to be addressed."
To know how endemic it is to younger gens, we would need a baseline and to know the prevalence in prior gens.
I suspect that the progression of social media and influencers has amplified a false lifestyle perspective — the same as tv and ads/consumerism would've amplified them for prior gens — but I haven't seen any large cross sectional or generational studies; only ones that are, at best, anecdotal.
Purchasing power of different generations tells you everything you need to know - there's zero ambiguity in this - things have objectively got far worse and far more unequal since the 70's.
In a for profit world tech isn't it mathematically straightforward that 50% is financially behind the other 50%?
It also says that people are doing far better than they think according to those who actually service these customers.
Well I'm not young but I haven't been able to afford to go to the dentist in twenty years so I'd say that's quantifiably shitty.
I’d say you’re using your specific experience to project to everyone else’s.
I’m middle aged and I’ve always been able to afford dental insurance and go twice a year as recommended.
Your experience is, indeed, shitty but it’s not an argument dispelling what the article’s experts are saying. It’s just a strawman argument.
LOL. Hilarious that you're straight up gaslighting and strawman-ing in your response.
Just because one person has an issue and one doesn’t means nothing to the actual story. But I don’t know why I expect anyone to actually read the articles. Lot to ask, I know.