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Why Too Much Pleasure Makes You Miserable & Strategies to Achieve Financial Wellbeing

Something You Should Know

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How Does Scarcity Affect People?

Sally Kohn: We know that scarcity enhances the desire ability of virtually anything that can be consumed. When something has been gone and it's come back, there's this sense of novelty, but there's also a sense that it might be removed again - so i've got to get it while it's here. Borrowing money is something everybody has to do at some point in ther life; people actually feel as though borrowed money is their own money. She says credit card expenditures are a pretty high category of consumer debt. And interest rates on credit cards tend to be higher than interest rates on other forms of borrowing.

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