Americans say they're broke. So why can't they stop spending so much?

Some Americans are crying poverty with a $1,500 iPhone in one hand and an $8 Starbucks latte in the other.

They say groceries are unaffordable, but somehow the restaurants are packed, airports are crowded and the neighbor just pulled into his driveway with a brand-new $90,000 SUV.

Apparently, we're one bad economic report away from bankruptcy and one Instagram post away from booking another trip to Cabo.

Consumer confidence is in the basement.

Consumer spending apparently didn't get the memo.

US ECONOMY NOTCHES REMARKABLE NEW RECORD, SPARKING CHEERS: ‘GOOD JOB EVERYONE’ In September, the Conference Board's Consumer Confidence Index fell to 81.9.

Yet it has been reported that consumer credit and debit card spending per household increased 6.2% from a year earlier.

So, what's going on? IT’S NOT THE ECONOMY, STUPID.

AMERICANS VOTE BASED ON THEIR PERSONAL ECONOMY As a financial advisor, I think the answer involves something more powerful than inflation or interest rates.

Human psychology.

And there are five reasons our spending habits aren't matching our economic anxiety.

WE ALL ARE DESPERATE FOR A FINANCIAL CHECK-UP.

TIME TO SAY, ‘SHOW ME THE MONEY!’ Thirty years ago, you compared your lifestyle with the neighbor who bought a new Cadillac.

Today, you're comparing yourself with 5,000 people on Instagram.