Experts say a significant amount of this can be explained by what they call "money disorders."
Money disorders is an umbrella term for recurring and self-defeating issues that people have with money, according to Brad Klontz, author of "Mind Over Money" and co-founder of the Financial Psychology Institute.
Klontz finds that most disorders fall into three broad categories: Money avoidance, money worshipping and relational money disorders. Each category can be broken into more specific disorders, such as overspending, workaholism and pathological gambling.
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Check out this video to learn more and to see how you can improve your relationship with money.
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