The Fears Associated with Money
While the primary meaning of chrometophobia is the fear of money, a chrometophobe may be afraid of dealing with finances in general or of financial difficulties. Others with this phobia may fear success or their belief of the corrupting impact of wealth and any type of power that it brings. Another aspect of this fear involves being scared of germs on money, which may lead a person to avoid handling bills and coins. When any of these fears cause stress and anxiety and are persistent, an individual may have chrometophobia. Its symptoms are similar to those of panic attacks, including sweating, numbness, dizziness, and confusion.
The issues surrounding this phobia are complicated and can be difficult to face. In these tough economic times, individuals find themselves losing jobs, homes, and the economic stability that they have worked so hard to achieve. These financial difficulties can certainly make people conscience of each and every dollar they have, or don’t have. Individuals can become afraid of spending money, even on necessities. The pressures of managing money and trying to stretch every dollar can become overwhelming. Fears and financial anxieties can have real effects on mental health and can lead to depression, substance abuse, even thoughts of suicide. If fear and anxiety become this severe, treatment needs to be sought immediately.
The feelings associated with having little money can be easy to understand, but the poor or those with difficulties due to an economic recession are not the only ones subjected to money fears. People who have enormous wealth, especially those who suddenly acquire large sums of money, can experience stress and pressure. While most people would welcome having a lot of money, managing wealth can include its own burdens.
With more money, individuals must consider the higher taxes, investments, and other issues related to the management of wealth. Chrometophobia may make people feel that they do not have adequate abilities to manage their money well, or they may be afraid of losing it through poor investments.