Apr 13 2023 19 mins 1
Have you ever wondered why you handle money the way you do? It turns out your financial behaviors can be traced back to your formative memories. In this episode, we explore how historic market crashes have left a lasting impact on our relationship with money.
From the Great Depression to the sudden COVID-19 market crash in 2020, we’re taking a journey through time to examine some of America’s most notable financial crises. By contrasting earlier events with more recent downturns, we gain a deeper understanding of how they may have influenced our financial perspectives and decision-making.
Join us for a fascinating exploration of financial psychology, as we reflect on the lessons of history and their relevance to today's economic landscape. Don't miss out on this thought-provoking episode!
Here’s some of what we’ll discuss in this episode:
- The lasting impact of the Great Depression. (3:00)
- The banking world took the forefront in the late 70s and early 80s because of high-interest rates. (6:12)
- How the Dot-Com crash of 2000 changed the way people thought about investing in the stock market. (9:03)
- The impact of the sudden COVID-19 market crash in 2020. (11:19)
- These historical market crashes have impacted generations differently. (15:19)
