The New Hoarders: Aging, and Too Scared to Spend Money
"I keep saying to myself that once the balance in my checking account hits this number, I will start spending again. My business is doing fine and I am way beyond that number but I can't spend." That kind of problem is the one I am handling more and more as an intuitive coach/tarot-reader for those over-60. Those who can't spend are the New Hoarders. As Yahoo Finance documents, they are terrified of outliving their money. And maybe with good reason. The Stanford Center on Longevity found that if you're 60 and healthy you could make it into your 90s. The odds of that are best for females but males also are getting more time on planet earth. One consequence of hoarding money is killing off joy. Much of life is about looking forward to whatever. And much of that takes money. For example, the trip to visit the grandchildren, the addition on the house, developing a hobby like photography. Fear of homelessness hardens the inability to spend that money. The common ...