9 Million Britons are Financial Phobics
A fifth of the population experience psychological difficulties in dealing with their finances
30th January 2003
A report commissioned by online bank Egg claims to have unearthed a new psychological condition, dubbed Financial Phobia.
Up to a fifth of the population suffers from it, rendering them incapable of coping with their finances with the same competency they handle the rest of their lives.
Symptoms include a dread of opening bank statements, bills and other finance-related post, and a tendency to 'let things slide' rather than keeping on top of their finances.
The condition was usually caused by a financial trauma such as losing money on an investment, getting into debt or meeting with poor service from a bank.
Read More: MSN Money
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More on Financial Phobia: What is Financial Phobia? (Article, 24/07/2005), One in 5 Bank Customers Avoid Checking Balance (News, 30/06/2005) |
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