Tag: psychology
There’s a bright line between an impulse purchase and compulsive spending. When something new catches her eye, the impulsive buyer snaps it up and enjoys the splurge. There is no such enjoyment for the compulsive buyer. The act of buying temporarily alleviates her anxiety but she inevitably feels guilt or regret. A new study explores…
It’s common for people to begin collecting their Social Security benefits soon after they turn 62, ignoring the financial planners and retirement experts urging them to postpone and increase the size of their monthly checks. A new study has uncovered four powerful psychological traits that influence this decision: the individual’s expected longevity, his fear of…
