The Emotional Impact Of Money
A test explores the link stress plays in our financial decisions.
However we’d like to believe our decisions with money are rooted in practicality, social scientists are examining the central role emotions play in most financial decisions. And with the 1980’s relaxation of lending rules and regulations flooding the market with available money, this could be a cause for concern.
The BBC Lab UK’s Big Money Test explores the link between money behavior and personality. Its aim is to test the theory that how we manage our emotions under stress affects how we manage our money. Maybe what’s most interesting, is its finding that a person’s education has little bearing on their ability to make sound financial decisions.