As you’ve learned in previous weeks, ideas and foundations for money/finance is rooted very early in life. Because of this it is extremely difficult to change people’s perspectives. Financial matters remain the leading cause of stress based on a 2018 survey.
What is it influencing us? Mass media, other’s behaviors and advertising, life experiences (especially major life events like 2008 and COVID and 9/11). So this week we are focusing on psychology and finance. Better known as behavioral finance.