In the last five years, financial therapy has gained significant traction, thanks to groundbreaking research linking financial trauma to mental health and neurological responses. Studies now reveal that financial stress can physically alter the brain, with disproportionate effects on marginalized communities, including women, minorities, and LGBTQ+ individuals. Let’s dive into the science and explore actionable strategies for overcoming these challenges.

In recent five years, the research domain called behavioral finance has taken off and has provided directions on how psychological factors affect behaviors concerning finance.