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Poverty

Do you suffer from an illusion of wealth or an illusion of poverty?

Which Illusion Do You Suffer From: Wealth or Poverty?

By | Behavioral Finance, Wealth | No Comments

Think quickly, would you rather have a $1 million retirement nest egg or $5,000 in monthly income to spend during retirement?  Your answer could tell you whether you possess an ‘illusion of poverty’ or an ‘illusion of wealth’ according to recent research published in the Journal of Marketing Research.  In their paper, “The Illusion of Wealth and Its Reversal,” Drs….

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