Last updated June 8, 2016
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Money and Psychotherapy

A Guide for Mental Health Professionals

Richard Trachtman

ISBN: 978-0-87101-421-4. 2011. Item #4214. 112 pages.

Paperback $29.99

Because of a cultural taboo against talking about money, psychotherapists and their clients avoid discussing the single most powerful cultural force shaping how people think, feel, and behave. Money and Psychotherapy: A Guide for Mental Health Professionals tackles the money taboo head-on, introducing mental health professionals to the topic of money, helping them understand how money can affect their ability to be effective in their work, and teaches them the basics of how to address money-related issues with their clients. This book also provides information about some of the problems that clients experience in relation to money and how money affects different clients in differing ways.

Drawing on four decades of experience as a social worker and psychotherapist, Richard Trachtman has written a book that has vital significance for the practice of psychotherapy. In Money and Psychotherapy, he addresses a broad array of topics, including:

  • Specific areas of treatment related to money, such as fee setting and management and gift giving
  • Techniques for opening up discussion with clients about their money history, beliefs, attitudes, and behaviors
  • The meaning of money and the role it plays in the formation of identity and personality
  • Class, gender, race, ethnicity, and nationality and how they affect money-related attitudes and behaviors
  • The role of money in family relations
  • The recent recession as a stressor that contributes to psychological and interpersonal problems

This is a unique book on a sadly neglected subject and, as such, an important contribution to therapy literature. Trachtman refers to the "money taboo" in therapy, and how true that is. In my 40 years as a psychiatrist and psychoanalyst, no supervisor or teacher or lecturer ever referred to the subject. This book should be required reading in every therapy training program. The practical explanations and excellent examples of problems and solutions are presented clearly and succinctly. The material discussed is long overdue and necessary on a subject central to all of our lives.

Sherman O. Schachter, M.D.

Editor, The Difficult Patient: Psychotherapeutic Strategies