Tuesday, January 15, 2013

If we go over the fiscal cliff, will people spend or save? Childhood environments may hold the key

If we go over the fiscal cliff, will people spend or save? Childhood environments may hold the key: In the face of hard times, which strategy gives us the best shot at survival: saving for the future or spending resources on immediate gains? The answer may depend on the economic conditions we faced in childhood, according to new research.

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