Anxious about money? Five financial therapists share their advice

Money is emotional. Financial therapists can help make sense of these feelings, from budget plans to money scripts

Not many people seem to feel happy about their financial lives right now. In the US, 63% of Americans cited money as a “significant stressor” in their lives, according to the American Psychological Association’s 2023 Stress in America report. Among those aged 18 to 34, that number went up to 82%. In the UK, a November 2023 poll found that a third of adults had felt anxious in the past month because of their personal financial situation, and 9% reported feeling “hopeless”.cdxnmgh

There are concrete reasons for this anxiety. In the US, high inflation has given consumers a grim outlook on the economy, and a cost of living crisis has seized the UK.

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