Extroverts find it tough to save money, researchers have found.
They say that extroverts are more interested in instant rewards.
This makes them more likely to have impulsive spending, higher credit card debts and reduced savings, the researchers say,
Extroverts are far more likely to indulge in impulsive spending, have higher credit card debts and reduced savings, researchers say.
‘Many of the choices that people make are influenced by their personality characteristics,’ said Jacob Hirsh, an assistant professor at Rotman School and U of T Mississauga’s Institute for Management and Innovation..
‘I started to think about how that affect might play out across larger groups.’
Hirsh’s findings, published in the July issue of Personality and Individual Differences, found ‘hen making financial decisions, this can contribute to impulsive spending, higher credit card debts and reduced savings.’