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When you're sad, it's not just your waistline you need to watch. Unhappy people are also more likely to make foolish money decisions, new research shows.
Sad people will often forgo extra money further down the road in order to get less money right away, according to a study conducted by professors at Harvard, Columbia and University of California Riverside.
When offered smaller amounts of cash immediately versus bigger sums three months later, sad people accepted 13% to 34% less money today than their not-so-sad counterparts did -- just to avoid the wait...
Feeling sad? Be careful with your money - Nov. 29, 2012
Sad people will often forgo extra money further down the road in order to get less money right away, according to a study conducted by professors at Harvard, Columbia and University of California Riverside.
When offered smaller amounts of cash immediately versus bigger sums three months later, sad people accepted 13% to 34% less money today than their not-so-sad counterparts did -- just to avoid the wait...
Feeling sad? Be careful with your money - Nov. 29, 2012