Be­ing nice as pie could bite into your bank bal­ance

The Courier-Mail - - NEWS -

NICE peo­ple are more likely to strug­gle with their fi­nances, says a study.

Peo­ple with warm per­son­al­i­ties are at higher risk of go­ing bank­rupt, hav­ing lower sav­ings and higher debt.

They are also more likely to de­fault on debt than grumpy peo­ple, the re­search into more than three mil­lion Bri­tons and Amer­i­cans found.

Even chil­dren who were nicer ended up suf­fer­ing greater fi­nan­cial hard­ship later in life as adults.

The study was com­piled from the BBC’s 2011 Big Per- son­al­ity Test, bank ac­count and geo­graph­i­cal data.

Re­searchers found peo­ple who were dis­cov­ered to be more agree­able in psy­cho­log­i­cal tests tended to have higher rates of in­sol­vency.

Co-re­searcher Dr Joe Glad­stone, of Uni­ver­sity Col­lege Lon­don, said: “This re­la­tion­ship ap­pears to be driven by the fact that agree­able peo­ple sim­ply care less about money and there­fore are at higher risk of money mis­man­age­ment.”

The study was pub­lished in the Jour­nal of Per­son­al­ity and So­cial Psy­chol­ogy.

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