The sweet will not inherit much: the kindness is correlated with the financial difficulties – study

Society

03:45 16.10.2018Get a short URL

A new study published in the Oct. issue of the Journal of Personality and Social Psychology reveals that brave people are more likely to experience monetary difficulties because they do not grant enough money. importance to their financial well-being.

The researchers came to their conclusion after analyzing a series of data collected from more than 3 million participants via two online panels, a 2013 UK survey, bank account data extracted from a 2014 UK study. and publicly available geographic data relating to financial matters. The study was published on October 11th.

Representatives from Columbia Business School and University College London School of Management used the data to find out more about savings, debt, trading styles, the degree of accreditation and the general opinion of the participants.

"We wanted to know if having a nice and warm personality – what personality research academics qualify as pleasant – was linked to negative financial results," said Sandra Matz, # 39; main author of the study, in a statement to the American Psychological Association.

"Previous research suggested that approval was associated with lower credit ratings and lower income, and wanted to know if this association was valid for other financial indicators and, if so, better understand why the good guys seem to finish last. "

The researchers finally determined that people identified as having a "nice and warm" personality were at greater risk of money-related problems because they simply had a negligent financial bargaining style and attached less importance to money. l & # 39; money.

"We found that the accreditation was associated with indicators of financial hardship, including a reduction in savings, an increase in debt and a higher default rate," said the co-author of the study, Joe Gladstone. "This relationship seems to be motivated by the fact that nice people simply worry less about money and therefore run a higher risk of mismanagement of money."

But being nice will not necessarily leave you running out of money. The researchers found in their findings that each person's income level plays an important role in solving the financial difficulties, which may be a surprising conclusion.

"All nice people are not running the same risk of experiencing financial difficulties," Gladstone said. "The relationship was much stronger for people with low incomes, who did not have the financial means to compensate for the adverse consequences of their pleasant personality."