'Money dysmorphia' | Gen Z and Millennials most likely to have warped perception of finances

We all know the saying ‘money doesn’t buy you happiness’.

Even though many of us know this to be true in a philosophical sense – we know that some of the richest people on the planet aren’t happy and some of the happiest people have very little – perceptions of accumulating wealth change amongst each generation.

Recent reports suggest that Gen Z and millennials are most likely to have ‘money dysmorphia’, whereby they often compare their financial situation to others and end up having a distorted perception of their own finances.

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This research from Qualtrics and Intuit Credit Karma, found that 82% of those who experienced this said they struggled with feeling financially insecure.