Information overload is warping our financial sense

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on [Bloomberg]( This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. [‘Money Dysmorphia’ Traps Millennials and Gen Zers]( — Erin Lowry Never hesitant to rebrand an existing phenomenon, millennials and their Gen Z frenemies are admitting to having “money dysmorphia” — a feeling of insecurity around their financial situation even when the true picture reveals little cause for concern. Some 43% of Gen Z and 41% of millennials say they suffer from a flawed perception of their finances, according to a recent [Credit Karma study](. While it might sound like just another form of TikTok-induced anxiety, money dysmorphia is a real problem that can cause someone to make poor or ill-informed decisions. Photographer: JohnnyGreig/E+ via Getty Images Having a financial perspective rooted in fear rather than fact is nothing new. Those of us with grandparents belonging to the Greatest Generation will recognize the Depression-era scarcity mentality. A scarcity mentality is a valid way to experience the world. An upbringing in which finances were tight will have a lifelong impact on how one thinks about and interacts with money. The trouble with money dysmorphia is that it can distort the thinking of someone whose lived experience is not one of scarcity but of stability. Read the [whole thing]( for free. [Elon’s Cage Fight With Zuckerberg Just Happened. He Lost.]( — John Authers and Isabelle Lee [The New Work-Life Balance: Don’t Have Kids]( — Sarah Green Carmichael [Putin Showed Carlson Why He Really Invaded Ukraine]( — Marc Champion [Secondhand EVs Are Starting to Look Like a Bargain]( — Chris Bryant [Hedge Funds Are Dealers Now]( — Matt Levine [Why Banks and Airlines Love Rewards Cards More Than You Do]( — Paul J. Davies [China’s 1% Is Watching the Other 99%]( — Minxin Pei [The US Can’t — and Shouldn’t — Escape the Middle East]( — Hal Brands [On Zoom, ‘You’re on Mute’ Is Now ‘Are You Real?’]( — Parmy Olson More From Bloomberg Opinion Here’s what we’ve been listening to and watching this week. - [Crash Course: Black Voters’ Loyalty to Biden in 2024 Isn’t Guaranteed]( with Timothy L. O’Brien - [Why are Super Bowl ads]( so weird? Kyla Scanlon explains what’s really going on. - [Americans are not on track with their retirement savings](. Kathryn Edwards says there’s a way the government can fix it. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](