Posts Tagged ‘Financial Phobia’
Have Financial Phobia?
With increasing levels of personal debt that is reported, along with a record number of bankruptcies and insolvencies, it is no surprise to anyone that money is becoming a major problem for thousands if not millions of people.
Most of us would be “money problems” with “problems of debt, and high levels of debt service made it a major cause of worry and stress for those of us who have given perhaps too much in the past.
There are other problems of money that does not get very much publicity. It’s called Financial Phobia, and is a real medical condition that causes untold problems for its victims.
Recent research has suggested that up to 20% of adults have total financial phobia, and almost half of the population show some signs of a milder version of the condition.
The victims have a hard time keeping track of their finances, including the ability to do simple things like open bank accounts because their feelings of anxiety, nausea, and even – in the worst case scenario – total panic attacks. They do not like check your bank balance, put off paying bills, and in extreme cases be avoided completely opening the mail and throw it away rather than deal with the content. Read the rest of this entry »