The Pandemic Has Increased Money Anxiety. Therapists Hope to Cure That.

Dale Mackey closed her event space in Knoxville, Tenn., a week before the state issued its orders to end large gatherings. She did not think about the economic ramifications of shuttering her business, the Central Collective; she said it was the right thing to do to reduce the spread of the virus.

Work dried up for her husband, Shawn Poynter, a photographer, so to help make ends meet, Ms. Mackey began spending more time on a side business, making sweet and savory pies and selling them online. She and her husband are in their mid-30s and have some savings and no debt beyond mortgages on their home and the event space, so they were content hunkering down.

But as the weeks wore on, thoughts of financial anxiety began to emerge.

“It’s much more of a struggle for me about when we can reopen,” she said, adding that the uncertainty began to weigh on her. “It’s different if I knew we were going to be opening in three months.”

In this financial crisis, many Americans are facing increased stress about money. But Ms. Mackey turned to a solution that few people try: She sought a financial therapist, a professional trained to counsel people about their money woes. Most have advanced degrees in psychology or clinical social work.

Ms. Mackey found Amanda Clayman, a financial therapist in Los Angeles who has a podcast on financial therapy within WNYC’s Death, Sex and Money franchise.

“When you bring up the topic of financial therapy, people are like, ‘That’s me, I want help,’ or their level of defensiveness is so intense,”

Keep reading this article on The New York Times Your Money.

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