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April 12, 2021

The high price of money shame

  • Too often, people feel there's something deeply wrong with them if they struggle with their finances.
  • By LIZ WESTON
    NerdWallet

    The U.S. suicide rate has risen dramatically in recent years, and certified money coach Tammy Lally of Washington, D.C., is convinced money shame is a contributing factor.

    Lally's brother died by suicide in 2007 after receiving a foreclosure notice. Shortly afterward, Lally's mortgage business collapsed in the Great Recession. She says she went from driving a Mercedes and living in an oceanfront house to filing for bankruptcy.


     
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