Stress Affects Whether You're a Saver or a Spender
I'm one of those people who likes to spend, spend, spend, married to someone who doesn't like to part with a dime. Cause stress? You'd better believe it. And now a new study is saying that stress affects our spending and saving habits. It doesn't take a brain surgeon to figure this out but a new study proclaims that if you're feeling overwhelmed? Stressed about work, a family illness or election season? It turns out that worry and anxiety can have an impact on your wallet. “Stress leads consumers to favor saving money,” says Kristina Durante, an associate professor of marketing at Rutgers Business School who researches the effect of hormones and consumer behavior. Although stressed consumers want to save, when faced with a spending decision, stressed consumers will pay for necessities they think will help restore control rather than splurge on non-necessities, according to newswise.com. The study found that stress leads consumers to save money in ge...