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Are You the Only One Who’s Broke? Or Is It ‘Money Dysmorphia’?

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Are You the Only One Who’s Broke? Or Is It ‘Money Dysmorphia’?

On Instagram feeds, martini glasses clink in what feels like a never-ending loop. Photo carousels from nights out show low-lit steakhouses, tartare and soufflés, Luxardo cherries. (What, in this economy, is screaming Luxardo cherries?) A roommate’s random co-worker is somehow lounging on yet another cabana in yet another tropical bathing suit. (Who owns that many bathing suits?) A co-worker’s random roommate is inexplicably trying out a new Bitcoin-powered bathhouse.

Just one click away is the news: flip-flopping on tariffs that could hit iPhones, T-shirts, backpacks and toothbrushes. There are wildly zigzagging red lines on market charts and somber television newscasters with panicked voices talking about retirement savings, which is angst-inducing even for people decades away from retirement.

“Phone-eats-first type of food, whatever viral sweater is going around on TikTok, the new work bag,” said Devin Walsh, 25, who lives in New York and works in marketing, listing the tempting purchases that flit across her Instagram, even, stubbornly, this past week. “Meanwhile, everyone is referencing the Great Depression.”

It’s a dizzying time to be a 20-something inundated by social media feeds flashing other people’s trips and restaurant reservations, which feel more over-the-top than ever, thanks to what trend forecasters call the “boom boom aesthetic.” It’s a recent embrace, by fashion labels, influencers and ordinary spenders, of lavish old-money consumption, like Gordon Gekko-inspired suits and endless (once verboten) furs.

Many young people are plagued by pangs of economic self-doubt, telling friends or therapists that they can’t keep up with the Joneses (and what the Joneses are posting on Instagram). Others are struggling to save, and then making impulse buys that leave them feeling anxious or guilty, that spending hangover from an “oh why not” pair of shoes.

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“You see a social media post and you’re like, ‘Maybe I’m doing something wrong,’” said Veronica Holloway, 27, a data analyst who lives in Chicago. “Like somehow I must be being irresponsible if I’m not able to spend like this.”

The resulting unease is leading to what financial planners call “money dysmorphia.” A sibling of the term “body dysmorphia,” meaning people who look in the mirror and do not see what’s really there, it refers to people who have a distorted view of their own financial well-being. It’s a mind-bending split-screen view of reality.

“You’re in a position where you don’t believe you have enough money, even though the numbers say you’re OK,” said Aja Evans, a financial therapist with some clients who struggle with dysmorphia. “It’s easy for people to create a narrative around what they’re seeing online — they’re like, ‘Oh my God, everyone is going away for spring break, I’m the only one who is staying home.’”

These perceptions, unhinged from reality, lead some to hold back on spending unnecessarily. It could lead others to overspend, sometimes enabled by “buy now, pay later” technologies; the average Gen Z consumer holds roughly $3,500 in credit card debt, according to data from Experian. A 2024 study conducted by Qualtrics found that nearly a third of all Americans reported feeling money dysmorphia, including 43 percent of Gen Z.

For Ms. Holloway, this disquieting uncertainty about spending started in childhood, after both her parents lost their jobs in the 2008 financial crisis. Her family lived below the poverty line, she said. Ms. Holloway thought twice about even necessary expenses. When she bought a pair of $130 sneakers for her high school cross country team, she spent a week feeling sick to her stomach.

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She has never been able to fully shake her worries, even now that she has a paycheck that more than covers her rent and meals. It does not help that her social media acts as a highlight reel of friends’ expenses, from flashy dinners to acrylic nails.

What’s known as the hemline theory says that when the economy becomes stronger, skirts lengths become shorter; boom times mean people want to party. A corollary that some economists and sociologists have found is that when the economy turns downward, tastes for little luxuries sometimes grow. During the 2008 financial crisis, some scholars reported seeing the “Lipstick Effect,” which was consumers spending more on small cosmetic items, perhaps as a way to feel slightly better about the state of the world, or at least about their faces. And in the early 1980s, when the economy cratered, fashion turned gaudy and over-the-top. One popular poster from the time shows a man in a tweed jacket and English riding pants leaning against a Rolls-Royce, cocktail glass in the air.

“That display of preppy-style wealth came during the worst economic recession since the 1930s,” said Douglas Rossinow, a historian and the author of “The Reagan Era.”

That tendency toward crisis-inflected lipstick spending has been layered on top of a financial reality that is already confusing for young people. For years, millennials were living with a warped sense of financial security because of venture capital money essentially subsidizing DoorDash deliveries and Uber rides. Social media invites people to post only their most hard-to-get dinner reservations and “White Lotus”-reminiscent beach travel. Now the economic picture is particularly uncertain, and the Instagram aesthetic is particularly luxurious.

“There was this more subdued, minimal norm-core look of the 2010s where people were trying to occlude their power or wealth — which came out of Silicon Valley and its casual approach to the workplace — that has fallen out of favor,” said the trend forecaster Sean Monahan.

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Mr. Monahan, who coined the term “boom boom aesthetic” in December, has tracked a recent surge in posts of flashy finery: caviar bumps, broad-shouldered suits, Chateau Marmont parties, 1980s-style decadence. “People feel like they’re participating in status games very explicitly,” he said. “The social hierarchy is in flux.”

Dessie DiMino, a tech worker, notices when friends post pictures from ski resorts and music festivals. She has had to ratchet up the voice in her head reminding herself to save as she follows headlines about economic uncertainty and the tariffs that seemed poised to hit her daily spending, including grocery items like coffee beans and chocolate.

“I don’t want to just stop doing everything, but I know there are days I should really bite the bullet and stay home,” said Ms. DiMino, 27.

To Ms. Walsh, the marketing employee from New York, the draw toward prudence feels especially tricky for her generation because of the shared sense that they’re living under a cloud of incessant crisis — Covid-19, climate change, political turbulence. Sometimes, she tells her mother, it’s hard to muster the discipline to save when she keeps hearing that the sky is falling.

“We’re more inclined to spend frivolously because of this looming main character energy of ‘The world is going to end anyway,’” Ms. Walsh said. “What are we saving for?”

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In February, she splurged on hosting a Valentine’s Day party in her Hell’s Kitchen apartment, spending hundreds of dollars on heart-shaped sunglasses that she mounted to the wall to feel like a Sunglass Hut, a sink filled with alcohol and a new $150 heart-printed dress. “Was it a rational use of funds?” she said. “Maybe not.”

Financial planners, especially those who work with young people, are trying to help clients who are feeling throttled by these economic shifts. Some of these clients are buying up new blazers and vacations as a balm for their broader sense of anxiety about where the economy is headed. Others are avoiding even reasonable purchases.

“I work with somebody who started cheaping out on groceries, even though her family’s financial future doesn’t hang on a trip to Whole Foods,” said Matt Lundquist, a therapist in Manhattan. “The inverse end of that is people being much more pleasure seeking — getting the Chanel bag, the ‘Oh forget it, I’ve been wanting these shoes.’”

Kara Pérez, who founded an organization that educates women on managing finances, has seen this uncertainty reshape her clients’ views on class. Some are overwhelmed by the affluence they see on social media, and it makes them lose sense of whether or not they are financially comfortable. Ms. Pérez said some clients whom she would describe as firmly middle class no longer saw themselves that way.

“A lot of people are like, ‘I’m not Kim Kardashian, I’m not Elon Musk, therefore I am broke,’” Ms. Pérez said.

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Ms. Pérez also sees this sentiment in comments that users leave on her social media page. On TikTok, where Ms. Pérez calls herself a personal finance expert, she’s forgiving of those who reply to her posts amid the chaos of the moment, effectively saying: “There’s no point in saving babe, we’re not going to retire. It’s OK to spend extravagantly now.”

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Lifestyle

The cancer quietly killing young people : It's Been a Minute

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The cancer quietly killing young people : It's Been a Minute

Why aren’t we talking about colorectal cancer?

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If more and more young people are dying of colorectal cancer, why aren’t we talking about it? Is it because we’re too ashamed of our bodies?

Rates of colorectal cancer are rising, especially for people under 50. But it’s hard to raise awareness for a cancer that a lot of us find hard to talk about. In a recent essay for The Cut, writer Laurie Abraham described her experience of colon cancer, which included a lot of embarrassment. Talking about your bowel movements is…not fun. Can you relate?

Today, Brittany is joined by Laurie and Dr. Kimmie Ng, Co-Director of the Colon and Rectal Cancer Center at the Dana-Farber Cancer Institute, to get into the cultural shame around how we talk about colon cancer – and how that extends to a lack of funding and research.

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Follow Brittany Luse on Instagram: @bmluse

For handpicked podcast recommendations every week, subscribe to NPR’s Pod Club newsletter at npr.org/podclub.

This episode was produced by Corey Antonio Rose and Liam McBain. It was edited by Neena Pathak. Engineering support came from Becky Brown. Our Supervising Producer is Barton Girdwood. Our Executive Producer is Veralyn Williams. Our VP of Programming is Yolanda Sangweni.

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How one man in East L.A. ended up with the world's most famous feet

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How one man in East L.A. ended up with the world's most famous feet

In an overstuffed workshop in East L.A., Chris Francis reached out a heavily tattooed arm and pulled a single shoe box from one of the floor-to-ceiling shelves lining the walls.

“Anjelica Huston,” the shoemaker and artist said. “Let’s see what’s in here.”

Removing the top of the box, he revealed two carved wooden forms known as shoe lasts that cobblers use to make their wares. Beneath those were strips of yellowing shoe patterns and a tracing of the actor’s foot with a note written in loopy cursive:

To Pasquale
My happy feet shall thank you
Anjelica Huston

The Di Fabrizio collection includes shoe measurements for stars like Nancy Sinatra, Kim Novak, Joe Pesci and Madeline Kahn, all adorned with green, white and red striped ribbon.

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(Allen J. Schaben / Los Angeles Times)

“Cool, huh?” Francis said, gazing reverently at the box’s contents. “Every time I open one it’s amazing. It’s like Christmas all the time.”

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For the last three years, Francis has been surrounded by a sprawling archive of famous feet originally amassed by Pasquale Di Fabrizio, the late shoemaker to the stars. From the early ‘60s to the early 2000s, Di Fabrizio created custom footwear for the rich, famous and notorious out of his humble shoe shop on 3rd Street.

The shoes went to his customers, but his voluminous collection includes shoe lasts, patterns, drawings, correspondences, leather samples and handwritten notes from thousands of clients, all stored in cardboard shoe boxes that the Italian immigrant trimmed with green, white and red striped ribbon.

The names, written in bold Magic Marker on the front of each box are a who’s who of entertainers from the ‘60s, ‘70s, ‘80s and beyond: Liza Minnelli, Tom Jones, Richard Pryor, Robert De Niro, Sarah Jessica Parker, Bea Arthur, Arsenio Hall, Nancy Sinatra, Ace Frehley. The list goes on and on.

Wooden shoe lasts lie next to a shoe in progress for Ginger Rogers made by Pasquale Di Fabrizio

Francis found foot measurements, wooden shoe lasts and a shoe in progress that Pasquale Di Fabrizio made for Ginger Rogers in a box marked with her name.

(Allen J. Schaben / Los Angeles Times)

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An art shoe called "Shoe Machine" by Chris Francis.

“Shoe Machine” is one of Chris Francis’ art pieces that he has shown at museums.

(Allen J. Schaben / Los Angeles Times)

“So many great people stood on these pieces of paper,” Francis said, looking at the stacks of boxes around him. “Roy Orbison. Eva Gabor. Stella Stevens. Lauren Bacall. I could pull these down all day.”

Francis never met Di Fabrizio, who died in 2008, but in 2022 he traded two pairs of his sculptural shoe-art pieces to Di Fabrizio’s friend and fellow shoemaker Gary Kazanchyan for the entirety of the Italian shoemaker’s archive. Three years later, Francis is still making his way through it all.

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The amount of material is overwhelming, but he is committed to preserving Di Fabrizio’s legacy. Ultimately, he wants to find a space where he can share it with others.

“I never want to be without it, but I’m realistic that it deserves to be appreciated by more than just myself,” he said. “If my life’s work ended up in somebody’s hands, I don’t think I’d want them to just keep it for themselves forever.”

A shoemaker’s journey

Francis isn’t just cataloging L.A.’s shoemaking history, he’s helping to keep it alive.

Over the last decade and a half he’s made a name for himself as a custom shoemaker, creating handmade bespoke footwear for rockers like former Runaways guitarist Lita Ford and Steve Jones of the Sex Pistols, as well as sculptural art shoes that are displayed in museums like the Craft Contemporary, the Palm Springs Art Museum and SCAD FASH in Atlanta.

A man makes a pair of shoes in his garage.

Wooden shoe lasts hang from the ceiling as Chris Francis works on a shoe for the singer Lita Ford in his garage.

(Christina House / Los Angeles Times)

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In his East L.A. workshop, he eschews modern technology, focusing instead on traditional methods of shoemaking, often with hand tools.

“The handmade shoe is alive and well in this shop,” he said, dressed in pressed black slacks and tinted sunglasses, chunky gold rings gleaming on his fingers. “There’s no computer here, and even the records half the time are vinyls or 78s.”

Making shoes by hand is time-consuming and expensive work — Francis doesn’t sell a pair of shoes for less than $1,800 — but for his mostly musician clientele, a sturdy, custom-made, comfortable shoe that also boasts over-the-top style is well worth the price.

“At my price point, my customers are buying something that’s really a tool,” he said. “It’s part of their look, but it also has to hit 27 guitar pedals, keep all of its crystal, be beautiful, last multiple tours and they have to be able to stand in it all night.”

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Francis, who has a certain aging-rocker swagger himself, never expected to become a shoemaker.

After going to art school and hopping freight trains for several years, he moved to Los Angeles in 2002 originally to join the Merchant Marines. Instead he found work hanging multi-story graphics and billboards on the side of hotels and high-rises on the Sunset Strip and at casinos in Las Vegas. “That gave me the same thrill of riding a freight train,” he said. “Being on a high-rise building and rappelling down.”

A man holds up a piece of paper with fabric samples on it.

Francis found fabric samples and designs for shoes that Pasquale Di Fabrizio made for a Broadway production of the musical “Marilyn: An American Fable.”

(Allen J. Schaben / Los Angeles Times)

A shoe next to a sewing machine.

Shoemaker and artist Chris Francis makes shoes the traditional way in his workshop in East Los Angeles.

(Allen J. Schaben / Los Angeles Times)

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He discovered he had a knack for pattern making in 2008 when he began creating hand-stitched leather jackets to wear to the Hollywood parties he had started attending with his now-fiancee. One day a stranger approached him and said she knew someone who would appreciate a jacket like the ones he was making. She was a stylist for Arnel Pineda, the lead singer of Journey. Commissions from Mötley Crüe and other rock bands followed.

A few years later he became interested in making shoes, but although he knocked on the door of several shoe shops in town, he couldn’t find a mentor.

“They didn’t have time, or they’d say, ‘You belong in a rock and roll band, you’re not one of us,’” he said. “But I would say, ‘Just teach me one thing, one trick.’ And everyone had time to teach one trick.”

It was an education in much more than shoemaking.

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“Almost every shoemaker I met had immigrated to the country,” he said. “So I learned how to make shoes from the Italians, from guys from Armenia, Iran, Iraq, Russia, Syria, from everybody. And while doing so, I learned about all these different cultures.”

‘He was the king’

As Francis dove deeper into the history of shoemaking in Los Angeles, one name kept coming up again and again: Pasquale Di Fabrizio.

A man in tinted glasses holds a box with the name Jane Fonda on it

The late Pasquale Di Fabrizio, a cobbler to the Hollywood elite, photographed in front of his collection of shoe lasts, circa 1982.

(Bret Lundberg / Images Press / Getty Images)

“I started asking other makers about him, and they were like, ‘Oh yeah, we remember him,’” Francis said. “He was the king.”

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For more than 50 years Di Fabrizio was the most sought after shoemaker in Los Angeles. He made Liberace’s rhinestone-encrusted footwear and shod Mickey Mouse, Goofy and Donald Duck for touring productions of Disney on Parade. He was the go-to shoemaker for country western stars, Vegas showgirls, Hollywood movie stars, gospel singers and casino owners. The Rat Pack helped put him on the map.

“My best customer is Dean Martin,” Di Fabrizio told The Times in 1972. “He buys 40 pairs a year.”

Sporting a thick, bristled mustache and oversize glasses, Di Fabrizio had a tough reputation. He once kicked a movie star out of his shop because the star brought back a pair of patent leather shoes that he claimed were defective. Di Fabrizio accused him of missing the urinal and peeing on them at the Oscars.

“Never come back here again,” he said in his thick Italian accent.

The shoemaker occasionally made house calls, but his customers mostly came to him. In his workshop on 3rd Street near Crescent Heights, he would trace their bare feet on a piece of paper and measure the circumference of each of their feet at the ball, around the arch, the heel and the ankle. Then he would customize a pre-carved wooden last from Italy, adding thin pieces of leather 1 millimeter at a time to more perfectly mimic the unique shape of the client’s foot.

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The size and shapes of the lasts varied wildly. He once told a reporter that it took “half a cow” to make shoes for Wilt Chamberlain, who wore a size 15. In his archives, Francis found a petite high heel shoe last roughly the length of his hand.

Francis holds a foot tracing and shoe lasts made for Robert De Niro by Pasquale Di Fabrizio.

Francis holds a foot tracing and shoe lasts made for Robert De Niro by Pasquale Di Fabrizio.

(Allen J. Schaben / Los Angeles Times)

“Di Fabrizio did lots of shoes for little people,” Francis said. “He really offered an important service for that community. They could have formal footwear rather than having only the option of wearing kids shoes.”

The same lasts could be used over and over again to make several pairs of shoes, as long as the heel height was the same. Each last went in its own box decorated with a ribbon in the colors of the Italian flag.

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“It’s so simple, but he claims his territory with that ribbon,” Francis said. “He cared enough to take one extra step. It’s what really made that collection iconic.”

A legacy preserved

Francis first encountered Di Fabrizio’s archives in 2010 when Kazanchyan offered him a job at Andre #1 Custom Made Shoes on Sunset Boulevard. Kazanchyan inherited the shop from his uncle, Andre Kazanchyan, who once worked with Di Fabrizio and became his good friend.

Gary Kazanchyan and Di Fabrizio were close as well. When Di Fabrizio retired in the early 2000s, Kazanchyan hired all of the guys who worked at his shop. Di Fabrizio was at Kazanchyan’s wedding and when the older shoemaker was in a nursing home at the end of his life, Kazanchyan visited him every day.

For years Kazanchyan stored as many of the ribbon-trimmed boxes as he could fit in his Hollywood shop, but just before COVID he moved his shop to his garage in Burbank and transferred Di Fabrizio’s archives to his backyard. “At one point, my whole backyard was this mountain of shoe lasts,” he said.

Chris Francis, left, and Gary Kazanchyan at Palermo's Italian Restaurant in Los Feliz.

Chris Francis, left, and Gary Kazanchyan at Palermo’s Italian Restaurant in Los Feliz.

(Deborah Netburn / Los Angeles Times)

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Kazanchyan started a renovation on his house in 2022 and could no longer store Di Fabrizio’s archive in his backyard. He’d sold some of the most famous shoe lasts at auction — a bundle of Di Fabrizio’s shoe lasts for Frank Sinatra, Dean Martin and Sammy Davis Jr. went for $4,375 in 2013 — but he still had several tons of material stacked on pallets and covered in tarps. He remembered that Francis loved the collection, so he called him and asked if he wanted it. Francis did.

Francis didn’t have the money to purchase the collection in cash, but he offered Kazanchyan two art pieces that he’d exhibited and Kazanchyan accepted. The first carload of boxes Francis took to his studio included lasts for Wayne Newton, Paula Abdul, Ginger Rogers, Burt Reynolds and Sylvester Stallone.

“My excitement was on fire,” he said.

Francis spent a few weeks sorting through the archive and discarding lasts and shoe boxes that were too covered in mold or deteriorated to be worth keeping. Just before a rainstorm threatened the rest of the collection, he brought thousands of shoe lasts to his studio but even now regrets that he was unable to save it all.

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“I tried to grab the big names, but there was so much I couldn’t keep,” he said. “It was heartbreaking.”

The boxes hold stories — and life lessons

Living and working among the Di Fabrizio collection has taught Francis a lot more than just the art of making shoes.

“I’m constantly seeing the obituary of a celebrity who has passed and I go to the workshop and there’s their box,” he said. “It really lets you know that life is for the living. It’s up to you to be responsible and live your life when you’re alive. Be yourself, teach others, leave something behind.”

Hanging onto the collection has not been easy — but Francis believes he was chosen from beyond to care for Di Fabrizio’s archive and to share it with others responsibly.

He’s still not sure what that will look like, but he’s determined to try.

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And in the meantime, he is also determined to keep the traditional art of shoemaking alive in Los Angeles.

If you look around his workshop, you’ll spot several boxes adorned with red, white and blue striped ribbon.

Francis is making those boxes his own.

Working with hand tools, Chris Francis makes a custom pair of shoes for musician Lita Ford.

Working with hand tools, Chris Francis makes a custom pair of shoes for musician Lita Ford.

(Christina House / Los Angeles Times)

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Bobbi Brown doesn’t listen to men in suits about makeup : Wild Card with Rachel Martin

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Bobbi Brown doesn’t listen to men in suits about makeup : Wild Card with Rachel Martin

A note from Wild Card host Rachel Martin: Bobbi Brown’s massively successful career started because of two words, “Why not?” Why not cold call a bunch of famous make up artists to get her first job in the industry? Why not make her own make up? Why not go into business with a global cosmetics brand, then break up with them decades later? Why not start over in her sixties, launch a new company and become a TikTok star in the process?

When Bobbi Brown asks “Why not?” it’s like she’s daring someone to answer. Daring someone to curb her ambition or thwart her dreams. Which is impossible since she has already made up her mind to go for it.

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