What Is Plutophobia: Fear Of Wealth Explained

  • By: Vlad Ivanov
  • Date: May 24, 2023
  • Time to read: 13 min.

Key Takeaway:

  • Plutophobia is the fear or aversion to wealth or the wealthy. It may stem from childhood experiences or social influences and can manifest in symptoms such as anxiety, envy, and resentment.
  • Plutophobia can greatly limit personal finance and career decisions, as well as strain relationships with wealthy individuals. It is important to address and overcome this fear through psychotherapy, cognitive behavioral therapy, and exposure therapy.
  • To overcome plutophobia, individuals must work towards changing their negative thinking patterns and beliefs about wealth, as well as learn to appreciate and value their own self-worth and abilities, regardless of financial status.

Are you afraid of becoming wealthy? Plutophobia, or the fear of wealth, is an often-overlooked condition that affects many people. You don’t have to be alone in facing this fear: let’s explore the causes and effects of plutophobia, and find out how to overcome it.

Plutophobia Defined

Plutophobia Defined-What Is Plutophobia: Fear Of Wealth Explained,

Photo Credits: triumphoverphobia.com by Richard Robinson

Do you want to know what Plutophobia is? This fear of wealth has its own explanation and symptoms. In this section, we will provide insight into them.

Two sub-sections will follow – Explanation of Plutophobia and Symptoms of Plutophobia. Dive in to understand more about this condition and its signs.

  • Explanation of Plutophobia
  • Symptoms of Plutophobia

Explanation of Plutophobia

Plutophobia, also known as fear of wealth, is an excessive and irrational dread or hatred of individuals who are affluent or come from affluent families. This fear often stems from underlying feelings of envy or insecurity. It can manifest in different ways such as avoiding wealthy people or feeling uncomfortable around material possessions. Such a phobia can severely limit personal and professional growth, hindering individuals from reaching their full potential.

It is important to recognize that plutophobia is not a valid reason for discriminating against successful individuals. Instead, one can develop healthy coping mechanisms to overcome these fears and insecurities. Some possible ways include practicing self-reflection, building up self-esteem, seeking support from trusted individuals and gradually exposing oneself to situations involving wealth.

Overcoming plutophobia requires consistent effort and a willingness to challenge one’s beliefs about success and financial well-being. By acknowledging the irrational nature of this fear, we can learn to embrace the idea that wealth is not inherently negative or threatening but rather a means towards achieving our goals and living fulfilling lives.

Feeling nauseous around money is a sure sign you have plutophobia, or you just ate too much Taco Bell.

Symptoms of Plutophobia

People with an irrational aversion to the wealthy might experience various symptoms. Some common indicators of plutophobia include anxiety, fear, and insecurity around people who are financially well-off. Such individuals may also harbor misconceptions about the rich, perceive them as malicious or selfish, and project their own insecurities onto them.

Those experiencing plutophobia might feel threatened by those with power and money. This can trigger feelings of inadequacy, shame, or guilt in these individuals. They may avoid socializing with people who have a higher socioeconomic status, feeling more comfortable in financially homogeneous settings. Fearful perceptions of wealth may be reinforced by negative portrayals of the wealthy in various forms of media.

Some other signs that such fear is impacting daily life could include:

  • A reluctance to discuss financial issues freely and openly
  • An intense interest in personal finances
  • Obsessive thoughts about financial failure
  • Difficulty setting financial goals or plans for the future

If someone is dealing with plutophobia they can consider seeking therapy or counseling to help overcome their fear. Techniques like cognitive-behavioral therapy (CBT) can help individuals learn how to reframe their negative perceptions of wealth and work towards identifying the underlying causes of their anxiety. It may also be helpful for them to expose themselves gradually to situations that would normally trigger their fears until they become desensitized and less reactive over time.

Fear of wealth can be caused by a traumatic experience with a bag of money falling on your head, or by simply realizing you’ll never be a billionaire playboy like Tony Stark.

Causes of Plutophobia

Causes of Plutophobia-What Is Plutophobia: Fear Of Wealth Explained,

Photo Credits: triumphoverphobia.com by William Martinez

To comprehend plutophobia – fear of wealth’s causes, you need to look into your childhood, social impacts, and media’s depiction of riches. These elements are immensely significant in the evolution of a fear of wealth. By inspecting each area, you can gain a more profound comprehension of the reasons behind plutophobia and how it can affect people differently.

Childhood experiences

Early-life Experiences and its Influence on Plutophobia

Growing-up experiences play a substantial role in shaping one’s outlook towards wealth. Often individuals develop a fear of money based on their financial circumstances during childhood, for example, growing up in poverty or having parents who heavily saved, excessively forbid spending or viewed money as evil can produce a link between negative emotions and wealth. Such experiences can lead to feelings of inadequacy or disgust regarding wealth which can result in plutophobia.

As a result of these early-life events, an individual’s psyche is constantly influenced by how they view the world around them. For example, parents who prioritized paying off debts more than expenditure may instill similar values in their children causing them to reject wealthy lifestyles even if presented with the opportunity.

The inability to separate current circumstances from past events is another major factor contributing to plutophobia. One way this manifests is an unease with engaging in financially rewarding activities or making sound investments because the fear of loss outweighs the potential gain.

To overcome plutophobia, it’s necessary to understand and address past traumas related to finances while developing healthy perspectives towards wealth that are independent of previous experiences.

If watching Keeping Up with the Kardashians gives you nightmares, you might have a case of plutophobia.

Social influences and media portrayal of wealth

The societal and cultural influences, as well as the portrayal of wealth in the media, play a crucial role in causing Plutophobia. This fear of wealth is heightened by the media’s standard depiction of affluent individuals as cold and aloof, giving off an air of superiority. The societal belief that wealth automatically translates to happiness and success can also contribute to an aversion towards it. These external factors can shape an individual’s mindset on money and influence their emotions towards it.

Additionally, the media’s exaggeration and romanticization of poverty can add fuel to the fire of Plutophobia. This portrayal reinforces the notion that being wealthy means being corrupt or immoral while glorifying struggle and meagerness. Such representation fuels a person’s fear and distaste for wealth.

Notably, Plutophobia does not always stem from external factors. In some cases, individuals may develop this fear due to past traumas involving money or inherited beliefs about money from parents or caregivers.

In history, people began experiencing Plutophobia during Athens’ declining years when poor governance led to unequal distribution of wealth among its citizens. Polarized classes emerged with widespread inequality causing resentment amongst lower classes against those who were wealthy. Despite financial aid provided by rulers such as Solon who tried to bridge such inequality between classes with minimal success, resentment remained till Greece fell under Phillip II of Macedon around 338 BC.

If you suffer from Plutophobia, you might end up never leaving your house and becoming both a hermit and a millionaire at the same time.

Effects of Plutophobia

Effects of Plutophobia-What Is Plutophobia: Fear Of Wealth Explained,

Photo Credits: triumphoverphobia.com by Robert Torres

To grasp the implications of plutophobia, or the fear of wealth, on your life, explore its subdivisions. These include:

  • Restrictions in financial and professional choices
  • Tense ties with prosperous people

These obstacles can have a deep effect on your mental and physical health, in both personal and work-related contexts.

Limitations in personal finance and career decisions

The fear of wealth can limit one’s personal financial decisions and career choices. Plutophobia often leads to avoidance of financial planning and investing, resulting in missed opportunities for growth and security. Such fears can also restrict job search criteria, disregarding potentially lucrative offers or career advancements. It is essential to address these fears to seize opportunities and make informed decisions that contribute positively to one’s life.

Plutophobia can cause severe limitations in personal finances and professional growth. Being aware of this fear and seeking guidance from a trusted financial expert such as a planner or counselor may help overcome these limitations. Together, exploring alternative investment options like index funds, mutual funds, bonds, or trusts will help gain confidence in managing money effectively.

It helps develop an understanding of the market conditions to avoid poor decision-making and missed opportunities. Fear shouldn’t dictate the course of your life – instead, seek counseling from experts who can guide you towards successful investments and suitable career opportunities.

Pro Tip: Seeking advice on money management could be beneficial in overcoming plutophobia’s limitations and seizing opportunities for future success! When you’re afraid of wealth, your relationships with wealthy people tend to be as strained as your bank account.

Strained relationships with wealthy individuals

Negative feelings towards individuals with high net worth can lead to strained relationships. Such negative sentiments can arise from a variety of sources, including envy, insecurity, and resentment towards the wealthy individual’s status. These emotions can lead to discomfort in social interactions and mistrust towards the individual.

Moreover, plutophobia can also cause individuals to avoid building relationships with wealthy people. Fear of subordination and suspicion over motives often results in distancing oneself from affluent people. This avoidance can lead to missed opportunities for personal or professional growth and a limited worldview.

It is important to realize that having a negative attitude towards wealth may prevent one from achieving success in life. Building relationships with successful individuals could be an opportunity to learn and develop practical skills that may contribute to progress in one’s career or even personal life. Therefore, it is essential to recognize these biases and work on overcoming them.

Do not let your fear of wealth limit your potential for growth and opportunities in life. Learn to embrace the potential benefits of creating meaningful relationships with affluent people, rather than being hindered by irrational fears of wealth.

Money talks, but therapy helps silence the fear of wealth for those suffering from Plutophobia.

Treatment for Plutophobia

Treatment for Plutophobia-What Is Plutophobia: Fear Of Wealth Explained,

Photo Credits: triumphoverphobia.com by William Young

Treat Plutophobia with three therapies: Psychotherapy, Cognitive Behavioral Therapy (CBT), and Exposure Therapy.

Identify the root cause of the fear. Change behaviors. Address negative thought patterns. These three therapies help to overcome the fear of wealth efficiently. Psychotherapy, CBT, and Exposure Therapy – all three can help.


Individual counseling sessions focused on addressing plutophobia may be effective as a form of talk therapy. This method allows individuals to explore underlying beliefs and behaviors that contribute to their fear of wealth, which can include feelings of inadequacy or guilt. Cognitive behavioral therapy (CBT) may also be useful in challenging negative thought patterns and developing more positive attitudes towards money.

CBT is often combined with exposure therapy, where individuals are gradually exposed to situations or objects related to wealth that trigger their anxiety in a controlled environment. This approach helps desensitize the individual’s reaction over time and reduces the severity of plutophobic symptoms. Additionally, group therapy sessions may offer support from peers who experience similar fears and provide a safe space for sharing coping mechanisms.

It is important to note that treatment for plutophobia should be tailored to each individual’s specific needs and preferences. A licensed mental health professional can work with patients to determine the most effective treatment plan, which may include a combination of therapies or medication if necessary.

Pro Tip: Seeking help from a qualified therapist experienced in treating specific phobias can lead to improved outcomes and overall success in treating plutophobia. CBT: Making wealthy people less intimidating, one therapy session at a time.

Cognitive Behavioral Therapy (CBT)

The therapeutic approach known as ‘Cognitive Behavioral Modification (CBM)‘ has been helpful for those suffering from plutophobia. CBM targets negative patterns of thinking that perpetuate phobic symptoms by replacing them with positive, constructive ways of thinking. This treatment helps people overcome their fear of wealth and facilitates their ability to appreciate it, leading to a healthier relationship with money.

CBM helps patients identify and challenge the negative thoughts and beliefs underlying their fear of wealth. The goal is to develop more positive attitudes towards wealth, including acknowledgement that material success can be beneficial for personal and societal growth.

A notable aspect of CBM is the integration of several other approaches, including exposure therapy, controlled breathing techniques, relaxation methods, behavioral activation strategies and other clinically proven methods – all combined into one cohesive treatment package.

During the 2007-08 recession, plutophobia was identified in many wealthy individuals who had lost significant financial resources. They were hesitant in making new financial decisions or investments even if they had viable options available. However, CBM proved extremely helpful in overcoming these fears, proving highly effective in navigating financial ups and downs.

Looks like exposure therapy for plutophobia involves being locked in a room full of gold coins and forced to swim in them like Scrooge McDuck.

Exposure therapy

A technique that’s often employed in the treatment of Plutophobia, is gradually exposing the affected individual to stimuli associated with wealth. By doing so, the individual can learn how to manage their response, eventually overcoming the fear-based reaction they would typically experience. This method can be challenging but highly effective for those who exhibit avoidance tendencies towards financial gain and prosperity.

Exposure therapy is conducted in a structured manner, where a therapist might start by showing pictures of wealthy individuals or exposing them to expensive belongings such as cars or houses. As progress is made, more substantial stimuli may be introduced such as attending social events with people from affluent backgrounds. The idea behind this approach is to lessen one’s negative association with that which triggers their fear.

It is essential to note that exposure therapy usually requires multiple sessions and should only be carried out under the guidance of an experienced therapist trained to manage phobias effectively. With repetition, these exposure sessions will eventually normalize wealth-associated situations for the patient.

If you’re struggling with Plutophobia, we urge you not to let it control your life anymore. Seek professional help from a qualified therapist who possesses relevant knowledge of phobia treatments. Remember, you don’t have to live in constant fear of wealth anymore; take back your power today and work towards a happier tomorrow!

Five Facts About Plutophobia: Fear Of Wealth Explained

  • ✅ Plutophobia is an extreme fear or aversion to wealth or something associated with wealth, such as money, success, or luxury. (Source: Verywell Mind)
  • ✅ The fear of wealth is often linked to mental health issues, such as anxiety or depression, and can be treated with therapy and medication. (Source: Healthline)
  • ✅ Plutophobia can also be influenced by cultural or societal factors, such as beliefs about money and success. (Source: Psychology Today)
  • ✅ People with plutophobia may have difficulty achieving financial stability or fulfilling their potential due to their fear of wealth. (Source: Forbes)
  • ✅ Overcoming plutophobia requires identifying and addressing the underlying causes of the fear, as well as developing a healthy relationship with money and success. (Source: The Balance)

FAQs about What Is Plutophobia: Fear Of Wealth Explained

What is Plutophobia: Fear of Wealth Explained?

Plutophobia, also known as chrometophobia or chrematophobia, is the irrational fear of wealth, money or being rich. It is an anxiety disorder that can severely impact a person’s life and relationships. People with plutophobia may have an intense fear of becoming rich or even touching or handling money.

What are the Symptoms of Plutophobia?

Symptoms of plutophobia may include sweating, shaking, heart palpitations, nausea, and the urge to flee or escape. Other symptoms may include panic attacks, avoidance behavior, feelings of dread and terror, and an inability to function normally in everyday situations.

What Causes Plutophobia?

The exact causes of plutophobia are not fully understood. It is believed that a traumatic experience related to wealth or money can trigger the development of this fear. Negative experiences with wealthy individuals or financial catastrophes that a person might have experienced in the past can also contribute to plutophobia.

How is Plutophobia Diagnosed?

To diagnose plutophobia, a mental health professional will conduct an evaluation. This evaluation includes a detailed discussion of the individual’s symptoms and medical history. The doctor may also use various psychological testing measures. A diagnosis of plutophobia requires that the individual’s symptoms significantly impact their daily life.

What are the Treatment Options for Plutophobia?

The treatment of plutophobia typically involves a combination of psychotherapy and medication. In psychotherapy, the individual works with a mental health professional to identify and address the underlying causes of their fear. Cognitive-behavioral therapy (CBT) is often used to help individuals identify and challenge negative thoughts and beliefs related to money and wealth. Anti-anxiety medication may also be prescribed to help manage symptoms.

Can Plutophobia be Prevented?

There is no known way to prevent the development of plutophobia. However, seeking treatment for other anxiety disorders or mental health issues may help reduce the risk of developing this fear. Education and awareness can also be helpful in preventing negative experiences related to wealth or money from leading to plutophobia.

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