Motivation

How Scarcity Leads to Spending

TIME: Will economic uncertainty make you save more — or spend more? The answer may depend on your childhood experience, a new study suggests. The research, published in Psychological Science could help explain why poverty can sometimes be so difficult to escape. In two different experiments, researchers led by Vladas More

If We Go Over the Fiscal Cliff, Will People Spend or Save? Childhood Environments May Hold the Key

In the face of hard times, which strategy gives us the best shot at survival: saving for the future or spending resources on immediate gains? The answer may depend on the economic conditions we faced in childhood, according to new research published in Psychological Science, a journal of the Association More