Capital One Shows How You Can Up Your Finance Game
The Capital One Mind Over Money Study, in collaboration with The Decision Lab, unpacks the impact stress has on financial decision making.
The Mind Over Money Study found:
● 77% of those surveyed reported feeling anxious about their financial situation
● 58% feel that finances control their life
● When stressed, people are less likely to: save, plan their spending and feel in control
The actionable takeaway:
● Thinking “big picture” about long-term goals for even a few seconds can reverse the effects stress has on our decision making, helping people to become better at saving and budgeting and more confident about being able to deal with their finances
● Poor money habits are influenced by mindset, irrespective of financial circumstance (the study controlled for household income and credit score)
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| Print article | This entry was posted by Art Eddy III on January 28, 2020 at 12:45 pm, and is filed under Lifestyle. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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