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Salon
Salon
Politics
Jackie Lam

Money disorders signal a broken system

If you hoard money or tend to cycle into compulsive buying when bored or stressed, you might've been labeled as someone who has a money disorder. Made popular by financial psychologists Brad Klontz and Ted Klontz, a money disorder is defined as "problematic, ongoing money behaviors and beliefs that can damage one's financial health." 

Common money disorders include pathological gambling, overspending and compulsive shopping, financial dependence, financial enabling, unreasonable risk taking, underspending and compulsive hoarding, financial enmeshment, financial rejection and even workaholism. 

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