Understand this relationship to better advise them.
By Rory Henry
The Holistic Guide to Wealth Management
Joy Lere Psy.D., licensed clinical psychologist and co-founder of Shaping Wealth, a learning platform transforming the human experience of money, told me on my podcast that she was amazed by how often money was the cause of her clients’ anxiety and unhappiness. Research confirms this phenomenon.
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According to the American Psychological Association (APA), money has consistently topped Americans’ list of stressors ever since the first Stress in America survey was conducted in 2007. According to the APA:
- 72 percent of adults report feeling stressed about money at least some of the time
- 22 percent reported feeling “extreme stress” about money at some point during the past month
- 26 percent of adults report feeling stressed about money most or all of the time
It shouldn’t be this way and this is where financial advisors can be a huge help.
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