Abby: People are more likely to spend money that they have earned un ethically, or that theyhave received from an unethical source on charitable donations. Abby: Much of this comes down to this perception of guilt and wanting to cleanse this guilt. This is something that's gong to make people feel better about themselves. It might help explain why burney madoff was so focused on engaging in all these taritable donations," she says.
Have you had a recent surprise expense? You're not alone. More than half of American households report facing an unplanned financial shock in the last year. This week, in the second part of our new "Money 2.0" series, psychologist Abigail Sussman points out our blindspots around money, and how we can be smarter about spending and saving.
If you like this show, be sure to listen to last week's episode on how our unconscious attitudes towards money influence how we manage our finances.
Also, check out our new podcast, My Unsung Hero! And if you'd like to support our work, you can do so at support.hiddenbrain.org.