Spendthrift or Tightwad? –A New Article on a Living Lab Study

One of our recent studies was featured on Michigan News!

This work by Dr. Craig Smith and Margaret Echelbarger examined children’s emotions about spending and how that correlates with their spending behavior. In fact they found “Kids on the spendthrift end were more likely to buy and tightwad kids were more likely to save…” “Parents independently provided data on their child’s reactions to spending and saving, and these verified the accuracy of the child’s self-reports.” Read more of the article for more of the study’s results.