Financial Therapy

Abstract

Financial therapy is an emerging field that integrates the interpersonal and intrapersonal aspects of financial well-being. These non-quantitative issues are at the forefront of consumer finance. Over the past 5 years, research in this area has grown tremendously. This chapter gives an overview of the current research in financial therapy, specifically focusing on money scripts, money disorders, and empirically supported modalities to help address negative money behaviors. Efficacy and effectiveness research will be needed to continue to help the field develop for both consumer finance researchers and their financial professional counterparts.