Members in the Media
From: LiveScience

Impatient People Have Lower Credit Scores, Research Finds


While patience may be a virtue, a new study is showing that it can also help your credit score.

According to research by two economists at Boston’s Federal Reserve Center for Behavioral Economics and Decision Making, people who were willing to wait for long-term benefits had better credit scores than people who accepted immediate rewards.

“Most often, the reasons economists put forward (for why people default) are, maybe there was not enough screening for mortgage applicants, or securitization, or other institutional reasons,” said Stephan Meier, co-author of the study.

Read the whole story: LiveScience

More of our Members in the Media >

APS regularly opens certain online articles for discussion on our website. Effective February 2021, you must be a logged-in APS member to post comments. By posting a comment, you agree to our Community Guidelines and the display of your profile information, including your name and affiliation. Any opinions, findings, conclusions, or recommendations present in article comments are those of the writers and do not necessarily reflect the views of APS or the article’s author. For more information, please see our Community Guidelines.

Please login with your APS account to comment.