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Money dysmorphia: the high earners convinced they are poor

Younger people in particular have often unfounded worries over lack of funds

Patti lives in a renovated farmhouse in a picturesque part of Pennsylvania, earns more than $150,000 a year as a child therapist and has good savings together with a reasonable mortgage.

Yet the 66-year-old describes crippling panic around her finances and getting “crazy flipped” by decisions related to money. “I won’t even buy the more comfortable $15 lawn chairs,” she says.

Patti thinks she may suffer from “money dysmorphia”, a term generally applied to those with warped perceptions of their personal finances who earn well but believe they are poor.

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