In April, 2005, when the stock market was booming, personal savings in the United States dipped to 1% but jumped to as high as 6% during the recent recession. Why this phenomena? Because we instinctively cling to what we have when times …
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How to Avoid the Negative Influences of the Wealth Effect
Tags: budgeting, case-studies, emergency, financial, investing, negative, personal, random, reasons, recession, search, wealth-effect
