Study Finds Spenders Marry Savers

Posted on August 4, 2009

Reuters reports that a new study has found the big spenders tend to marry big savers.
"Surveys of married adults suggest that opposites attract when it comes to emotional reactions toward spending," Wharton's Scott Rick and Deborah Small and Northwestern's Eli Finkel said in the paper.

They found that people who generally spend less than they would ideally like to spend, and those who spend more than they would like to tend to marry each other.

George Loewenstein, a professor of economics and psychology at Carnegie Mellon University, in a separate study called "Tightwads and Spendthrifts" published last year, found that the degree people feel of a "pain of paying" determines if they are a "tightwad" or a "spendthrift."
Spending differences can lead to disagreements but there could also be ways to two different spending types could help each other out. A big spender could certainly user someone more conservative about saving money. And a tightwad may need to learn to spend some money now and then and use what has been earned. This appears to make sense. That is unless the big spender spends all the money leaving the tightwad very angry and wanting a divorce.

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