Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don't value money as much, according to research published by the American Psychological Association. Not every agreeable person is at equal risk of experiencing financial hardship. The relationship was much stronger for lower-income individuals, who don't have the financial means to compensate for the detrimental impact of their agreeable personality.
Financial data about how you spend your money, how often you are overdrawn and other details are currently held by your bank. Under new rules, the ownership of this data will essentially be transferred to the consumer, meaning that account holders will be able to give companies, other than their own bank, permission to access their details.
With both Bitcoin and Ethereum price hitting all-time highs in the past seven days, cyber-criminals have stepped up efforts to search and steal funds stored in these two cryptocurrencies.
Though IOTA tokens can be used like any other cryptocurrency, the protocol was designed specifically for use on connected devices.
Bitcoin was devised in reaction to what happened in 2008 during the financial crisis: printing money, bailing out banks, suppressing rates. The idea was to create a system of money beyond the manipulative hands of government. Bitcoin is perhaps the most transparent system of money ever invented. The whole system is built on mathematical proof.
The playful and fun nature of the touchscreen enhances consumers' favour of hedonic products; while the logical and functional nature of a desktop endorses the consumers' preference for utilitarian products
Since the first stock market in Amsterdam in the 17th century, trading floors have been dominated by men. It turns out testosterone may be responsible for some of the dramatic bubbles and crashes we have seen since.
Third-party trackers litter banking websites and the privacy-invading tech is being used to rate surfers' creditworthiness.
Stress leads consumers to favor saving money. Although stressed consumers want to save, when faced with a spending decision, stressed consumers will pay for necessities they think will help restore control rather than splurge on non-necessities.
Switzerland's national rail service (SBB) plans to start selling the digital currency Bitcoin at stations next month. Back in July, the Swiss town of Zug launched a six-month scheme letting residents pay for public services using Bitcoin.
Women make up a smaller and smaller fraction of those with high incomes, the closer you get to the top.
Africa hosts several established bitcoin exchange services, such as ICE3X and BitX in South Africa and BitPesa in several countries in east and west Africa, where users can trade between bitcoin and traditional currencies.
When people focus more on the future, they tend to be less impulsive, regardless of their level of financial literacy.
Researchers have found an association between financial stress and severe domestic abuse. More women than men report experiencing financial stressors; more women than men also report lashing out verbally and physically at their partners.
Spending can increase our happiness when it is spent on goods and services that fit our personalities and so meet our psychological needs.
At the heart of the “less is more” challenge to consumer theory is an understanding of our desires. The key insight of this approach is that we can be happier by seeking to simplify our desires rather than satisfy them; the result is less consumption yet more utility.
Individuals who believed there was not much hope for upward mobility were more inclined to spend now than to save for later.
Surveys show that most young adults believe that obtaining wealth and fame are keys to a happy life. But a long-running study out of Harvard suggests that one of the most important predictors of whether you age well and live a long and happy life is not the amount of money you amass or notoriety you receive. A much more important barometer of long term health and well-being is the strength of your relationships with family, friends and spouses.
Wanting more, as the financial planner Tim Maurer puts it in his new book “Simple Money,” is an affliction that is nearly universal and has little to do with how much we already have. “Our tendency is to move away from Enough — not toward it.
Hormone levels have been shown to be affected by trading outcomes, and males are more sensitive to this effect than females. This has led to policy makers, academics and the press to call for a re-balancing of gender ratios in financial markets to make them more stable.