2min chapter

Hidden Brain cover image

Money 2.0: Why We Bust Our Budgets

Hidden Brain

CHAPTER

The Effect of Bonuses on Car Loans

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode