Loan Applications Processed Around Midday More Likely To Be Rejected
Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.
Jun 28, 2021 1:55 PM EDT
Researchers Find Optimal Way To Pay Off Student Loans
After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.
Language Used On Credit Card Websites The Hardest To Understand
New research led by the University of East Anglia (UEA) reveals how easy it is for consumers to understand the language used on personal finance websites.
You Can Have Too Much Of A Good Thing, Says Study Financial Analysts' Work-Life Balance
Last winter, Goldman Sachs reported it was working to make things better after a group of junior analysts revolted against 100-hour work weeks.
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Top 9 Best Ways To Create Wealth
Wealth creation is something that everyone aspires to do. Every budget made or financial planning done aims to create wealth using different strategies such as cutting cost to save more, investing in instruments which has higher returns, investing for a longer duration and much more.
Jun 28, 2021 11:35 AM EDT
Top 6 Tips To Manage Finances During COVID-19
The ongoing COVID-19 pandemic has brought in a lot of challenges for one and all. The ongoing COVID-19 pandemic has brought in a lot of challenges for one and all.
Jun 28, 2021 11:32 AM EDT
World Needs USD 8.1 Trillion Investment In Nature By 2050 To Tackle Triple Planetary Crisis
A total investment in nature of USD 8.1 trillion is required between now and 2050 - while annual investment should reach USD 536 billion annually by 2050 - in order to successfully tackle the interlinked climate, biodiversity, and land degradation crises, according to the State of Finance for Nature report released today.
Jun 25, 2021 3:05 PM EDT
Urban Green Space Brings Happiness When Money Can't Buy It Anymore
Urban green spaces, such as parks, backyards, riverbanks, and urban farmlands, are thought to contribute to citizen happiness by promoting physical and mental health.
Jun 25, 2021 3:02 PM EDT
Mobile Money Improves Economic Well-Being In Kenya
Access to digital financial services lifted 194,000 Kenyan households out of poverty, a new study estimates, and increased consumption levels, especially among female-headed households.
Jun 25, 2021 1:18 PM EDT
Women Dominate OB/GYN Field But Make Less Money Than Male Counterparts
While women outnumber men as Ob/Gyn practitioners, they still make significantly less money and the pay gap extends to subspecialties like reproductive endocrinology and infertility (REI), according to researchers at the University of Colorado Anschutz Medical Campus.
Jun 25, 2021 1:11 PM EDT
Your Spending Data May Reveal Aspects Of Your Personality
How you spend your money can signal aspects of your personality, according to research published in Psychological Science, a journal of the Association for Psychological Science.
Jun 25, 2021 1:05 PM EDT
Moral Concerns Override Desire To Profit From Finding A Lost Wallet
The setup of a research study was a bit like the popular ABC television program "What Would You Do?"--minus the television cameras and big reveal in the end.
Jun 25, 2021 12:55 PM EDT
Lack Of Awareness Of Inequality Means We Penalize Those Who Have Least Money
People can automatically assume that someone who gives less money to charity is less generous, according to new research.
Jun 25, 2021 12:52 PM EDT
People Globally Return 'Lost' Wallets More As Money Increases
People Globally Return 'Lost' Wallets More As Money Increases In a study of how people in 40 countries decided to return (or not) "lost" wallets, researchers were surprised to find that - in contrast to classic economic logic - people returned the wallets holding the greater amounts of money more often.
Jun 25, 2021 12:39 PM EDT
Nice People Finish Last When It Comes To Money
Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don't value money as much, according to research published by the American Psychological Association.
Jun 25, 2021 12:35 PM EDT
Parents: To Prepare Kids Financially, Give Them Practice With Money
Children learn more about finances from their parents than any other source, previous research has shown. The process through which parents impart this knowledge onto their children is known as "financial socialization."
Jun 25, 2021 12:28 PM EDT
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