A study from the University of Washington reveals that spending habits are genetic. The study followed 15,000 sets of twins since the early 1950's and determined that people are either born to spend or save. Although some doctors grant that the type of upbringing plays a role, the study says that genetics is the largest factor in why a person decides to save or spend. Dr. Bonnie Eaker Weil, author of Financial Infidelity: Making Money Sexy, has long been studying and treating the outgrowth of this phenomena which can manifest itself as Financial Infidelity.
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