Money often casts a dark shadow on our lives. A recent study revealed that nearly half of Americans worry about their financial future and see little hope for upward mobility. They are not alone. Citizens throughout the world report comparable worries. Financial stress is commonplace, ushered in by seemingly immovable structural forces—but also avoidable failures of education, discipline, and imagination. Economic challenges have people scrambling for solutions. Yet, many of the answers offered for modern money quandaries are incomplete—or wrong.
Financial stress and anxiety is a widespread, longstanding problem. The 2020 APA "Stress In America" report revealed that nearly 2 in 3 adults (64%) say that money is a significant source of stress in their life. As a psychologist, I have a rare front-row seat on peoples' lives. I have witnessed how complicated people's relationship with money is and the impact is has on their overall wellbeing.
I partner with members of the wealth management industry to understand how they can combine economic expertise with financial psychology. I train financial advisors how to have better conversations with their clients about the things that matter. Better conversations lead to better decisions and, ultimately, better outcomes.
your relationship with money has more to do with psychology than math.