Why so many Gen Zers and millennials have 'money dysmorphia' — even if they are financially better off than they realize

• Money dysmorphia is a negative or unrealistic perception of one's financial wellness.
• A financial therapist said younger people, like millennials and Gen Zers, are more prone to it.
• Life transitions, self-comparison, and old-school ideas about money can fuel money dysmorphia.

Gen Z has more job flexibility and access to information about money than their parents did. Still, not everyone feels good about their financial futures.

In fact, Gen Zers — people born between 1997 and 2012 — are more worried about saving than any other generation, a BI survey showed. And not all of it is tied to inflation or student loan debt.