What is Chrematophobia ?
Chrematophobia, also spelled “Chrometophobia”, is an abnormal and persistent fear of money.
As might be expected, for the chrematophobic, dealing with money is extremely difficult. Shopping or working, traveling on buses and trains, etc., (even paying bills) can become difficult. Some phobics are also (or only) afraid of the corrupting power of money; still others might fear financial failures or the responsibility money brings.
Some cases of fear of money phobia might be related to fear of germs due to money having been handled by others. Some sufferers may wear gloves for this purpose.
The root word chermato' is Greek meaning 'money' and the word 'phobia' comes from the Greek word ‘phóbos’ meaning 'fear.'
Symptoms of Chrematophobia
Extreme Anxiety, Dread
- Shortness of Breath
- Rapid Breathing
- Heart Palpitations
- Excessive Sweating
- Dry Mouth
- Confusion / Inability to Articulate Clearly
- Lack of Focus
- Feelings of Powerlessness
- Obsession with the Subject of the Phobia
- Fear or Feelings of Losing Control
- Avoidance Behavior
Causes of Chrematophobia
Chrematophobia is a social anxiety disorder. Social phobias result in avoidance of social situations due to fear of being embarrassed in public. Social phobia affects men and women equally. Extreme social anxieties often start in childhood or adolescence due to social traumas or embarrassments, etc., and may be accompanied by other anxiety disorders or depression.
The origins of social anxiety disorders are not as well understood as specific (or “isolated”) phobias, where a direct fear of injury from some specific animal, thing or situation forms a clear basis for the fear. Even so, hereditary factors may be present, such as a genetic tendency to be “high strung” or nervous, etc.
In all kinds of phobias, external experiences and / or reports can further reinforce or develop the fear, such as seeing a family member or friend who is affected. In extreme cases, indirect exposures can be as remote as overhearing a reference in conversation, seeing something in the news, on TV, or in the movies.
Chrematophobia, like most phobias, stems from a subconscious 'over protection' mechanism, and as with many phobias can also be rooted in an unresolved emotional conflict.
Generally speaking, and as might be expected, people with very little money tend to suffer more from the fear of money.
Naturally, money matters often lead to stress and feelings of powerless or loss of control, forming reinforcements for a phobic condition. People with other anxiety disorders might also extend their fears to include a fear of money.
Treatments for Chrematophobia
Cognitive Behavior Therapy (CBT)
- Habit Strategies To Relax
- Cognitive Therapy (CT)
- In Vivo Exposure
- Response Prevention
- Group Therapy
- Energy Psychology