Research, Statistics & Quotes
Money script patterns can predict disordered money behaviors, such as financial infidelity, compulsive buying, pathological gambling, compulsive hoarding, financial dependence, and financial enabling.
Money vigilance beliefs, including themes of frugality, discreetness, and anxiety about money, appear to be protective factors against poor financial health and destructive financial behaviors. While they encourage saving and frugality, excessive wariness or anxiety could keep someone from enjoying the benefits and sense of security that money can provide.
NFEC Position Statement
A person’s financial sentiment has been molding since that person was a child, and often strengthens with age. Adults need to reflect on attitudes and behaviors that can have negative impact on their finances and take corrective action. Addressing hardened attitudes can be difficult; but it can be done.
Because many people find breaking negative financial attitudes to be challenging, the NFEC’s team of financial counselors are often called upon to help adults who need added support. Our financial education advocates, whom we honor with the deepest regard and appreciation, are our partners in this effort. Additionally, our financial resources include activities to help establish financial attitudes that will help program participants work toward building confidence.