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Money 2.0: Why We Bust Our Budgets

Hidden Brain

The Effect of Bonuses on Car Loans

2min Snip

00:00
Research studies find that windfalls often change how we spend money. Once tuddy looked at the effect of getting a bonus on the likelihood of people taking out car loans. People who take out an extra car loan as a function of having received a bonus payment are actually more likely to default on their carloans than those who increase the car loans as a funt of just their ordinary income increasing.

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