The average American has $90,460 in debt.
Experts say much of this can be explained by what they call “money troubles.”
According to Brad Klontz, author of “Mind Over Money” and co-founder of the Institute of Financial Psychology, money disorders are an umbrella term for recurring, self-destructive problems people have with money.
Klontz finds that most disorders fall into three broad categories: money avoidance, money worship, and relationship money disorders. Each category can be broken down into more specific disorders, such as overspending, workaholism, and pathological gambling.
Watch this video to learn more and to see how you can improve your relationship with money.
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