Money Trauma Podcast Launches Miniseries On Financial Stress

Financial literacy has become a relatively new course in high school curricula. Why? Because it's desperately needed. A significant majority of young people need better financial literacy, with studies showing that only about 27% to 41% of young adults and teens possess adequate financial knowledge. Nearly 70% of teens want financial education, yet only about 31% to 45% have access to it in school. Gen Z has the lowest financial literacy rates, with only 38% correctly answering basic questions.

Now, there's a podcast for that. 

From creators Miho Soon (publications in Tate Modern London, The
Guardian), Phoebe McIndoe (County Lines, BBC Radio 4), and Marta Medvesek (BBC Radio 4, Radio 3, World Service), the new limited series documentary podcast, Money Trauma, debuted on Friday. 

In six total episodes across two seasons, Money Trauma “uncovers commonly referred to economic experiences like financial stress, gambling, wealth accumulation and impulsive spending from a trauma-informed and social perspective.” 

Host Miho Soon speaks with experts across the globe to find out stories about money contradict so many lived experiences – and who those stories ultimately benefit.

When 90% of financial behaviors are made emotionally, discussing finances with a logic-based approach stops being sufficient. Money Trauma aims to unveil the stories we’re not telling due to
social taboo. And the title, Money Trauma, is not hyperbolic: Three out of four millennials and gen-Zs exhibit PTSD-like symptoms caused by financially-induced stress.

Two out of three Gen-Zs and Millennials have PTSD-like symptoms caused by financially induced stress. Mental health and trauma have gotten more into the mainstream, and yet we don’t apply the same lens to money. Money Trauma challenges the many misconceptions about money behaviors - uncovering experiences like financial stress, gambling, and wealth accumulation from a trauma-informed perspective. 

Follow the show on a journey around the world speaking to
experts about how these stories contradict real experiences people psychologically and socially - and who ends up benefiting from these stories.

The host, Miho Soon, is a researcher, facilitator and designer from Malaysia. She has brought hundreds of people in movements and organizations together to talk about the incredibly potent and taboo topic of the human emotional relationship to money and work - and how that connects to a systemic context around economic growth and participation. Her work has been featured at the Tate Modern London, the United Nations, UNICEF, Resilience.org, the Cannes Film Festival, and The Guardian. 

Check out Money Trauma.  Your wallet, bank account, finances, and future wealth will thank you.