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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the executive-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /services/webpages/f/i/financialpsychologycenter.com/public/wp-includes/functions.php on line 6121 How to Keep Revenge Spending From Ruining Your Retirement | Financial Psychology Center
How to Keep Revenge Spending From Ruining Your Retirement
Journalist’s name: Juli Fraga
Publication: NY Times
In the first couple of months this year, thousands of American workers at companies like Google and Twitter have lost their jobs. Interest rates on car loans, credit cards and mortgages are higher than ever, and inflation keeps rising. And the talk of a recession in 2023 hasn’t gone away.
All of this uncertainty can lead to what personal finance experts call a scarcity mind-set, said Megan McCoy, a professor of financial therapy at Kansas State University. “We become hyper-aware of how much things cost and stop buying things we love,” she said.
