Saving Money Connected With Being Insecure


Many different psychological disorders occur in humans due to different factors. Psychological disorders might be the most common form of disease, especially with globalization taking place and the ability of communicating with the whole world. One common disorder is insecurities which can at some cases be too extreme to handle.

As hard as insecurities might be, a recent study conducted by a team of psychologist from the American Psychological Association has shown that insecurities might actually be useful rather than only negative. The study suggests that insecurities are a major factor that helps people save money and items. The study and results were published in the Journal of Personality and Social Psychology.

The lead author of the study is a PhD holder of Tel-Aviv University, Yael Steinhart together with the co-author Yuwei Jiang who is a PhD holder from the Hong Kong Polytechnic University, were shocked with the results of finding a positive side from insecurities.

Dr. Yael commented on the study and results saying, ‚ÄúPeople who are insecure about their lives and the broader world save as a means of securing their future in anticipation of a possible emergency.”

The study included the use of 1200 participants who filled a survey as means to provide data. The results showed that the rates of saving increased from 3.2% up to 8.26% in the past 60 years.

“Saving constitutes an important measure of economic well-being. A person’s welfare should increase as they save more, because saving offers a sense of security about the future,” said Steinhart.