Why some people are born to spend
October 31, 2011, 6:19 PM
New research suggests that people’s differing ability to save money is related to their brains.
At the Daily Beast, Sharon Begley and Jean Chatzky write that studies have found “measurable differences between the brains of people who save and those who spend with abandon.”
The good news:
“…people who aren’t good savers are neither stupid nor irrational—but often simply don’t accurately foresee the consequences of not saving…”
Furthermore, experiments suggest it might be possible to stimulate people’s brains to encourage savings.
One approach involves transcranial magnetic stimulation, a kind of low-level zapping sometimes used to treat chronic pain, depression, tinnitus, and some symptoms of schizophrenia.
This is, however, no evidence to suggest that such techniques could be successfully applied to politicians.