An Atlantic studying record on the tough hyperlinks between our cash and our thoughts
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This previous week, an article by my colleague Olga Khazan launched me to a bunch of individuals known as the “tightwads”: individuals who have bother spending their cash. Analysis has discovered that “tightwads don’t scrimp as a result of they lack cash,” Olga studies. “They don’t seem to be any poorer than spendthrifts (individuals who overspend); tightwads even have higher credit score scores and extra cash in financial savings … As a substitute, they’re afraid to spend cash that they do have.”
“Tightwads’ points reveal how our monetary decisions could be extra psychological than financial,” Olga notes. In the present day’s publication explores the tough hyperlinks between our cash and our thoughts.
On the Psychology of Cash
The Properly-Off Individuals Who Can’t Spend Cash
By Olga Khazan
Tightwads drag round a phantom limb of poverty, it doesn’t matter what their checking account says.
Cease Asking Whether or not Cash Buys Happiness
By Michael Mechanic
It might, however solely a negligible quantity.
What You’re Actually Anxious About When You’re Anxious About Cash
By Arthur C. Brooks
When you’ve met your most simple wants, an obsession along with your checking account could be hiding deeper anxieties.
Nonetheless Curious?
Different Diversions
P.S.
I just lately requested readers to share a photograph of one thing that sparks their sense of awe on this planet. Sandi, in Alaska, writes: “I used to be on a ship halibut fishing … It was raining throughout us however not on us. Within the distance we noticed this horizontal rainbow.”
I’ll proceed to characteristic your responses within the coming weeks. When you’d prefer to share, reply to this e-mail with a photograph and a brief description so we will share your surprise with fellow readers in a future version of this article or on our web site. Please embody your identify (initials are okay), age, and site. By doing so, you agree that The Atlantic has permission to publish your picture and publicly attribute the response to you, together with your first identify and final preliminary, age, and/or location that you just share along with your submission.
— Isabel