Windfalls and Spending
Receiving unexpected bonuses can lead to increased spending habits, such as taking out car loans, often resulting in higher delinquency rates. This behavior stems from how people perceive windfall income as "extra" money, prompting them to overspend compared to their regular income. Interestingly, money obtained unethically tends to be spent on charitable causes, revealing the complex emotional connections we have with different sources of income.In this clip
From this podcast
Hidden Brain
Money 2.0: Why We Bust Our Budgets
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