BY LIBBY KANE
Emotional spending is nothing new–we’re probably more likely to splurge on a shiny top or tempting snack when we’re feeling emotionally vulnerable. But new research shows that people who are feeling down also make other kinds of bad financial choices.
For instance, when given the choice between getting some money immediately or more money later, sad people are more likely to accept less money right away–which is the poorer choice. (And unfortunately, women are more stressed by bad news than men are.)
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