May 31, 2016
Can Tracking Our Hormones Make Us Smarter With Money?
Posted by Karen Hurst in category: economics
Bad with money? Blame it on your hormones according to Richard Thaler.
Let’s face it: most of us suck at managing money.
According to a National Bureau of Economics working paper published this March, roughly three quarters of all American households carry some form of debt. 40% haven’t paid off their credit cards. Nearly half have no savings at all. And the US isn’t alone: Canada, the UK and Australia are in roughly the same debt-ridden neighborhood.
Continue reading “Can Tracking Our Hormones Make Us Smarter With Money?” »