Get Rid of Your Pennies If You’Re Looking For Relaxation: the Role of Money in Psychological Tension

Mehdi Akhgari, University of Manitoba, Canada
Hamed Aghakhani, University of Manitoba, Canada
Kelley Main, University of Manitoba, Canada
Results of two studies investigate the psychological consequences of money. The concept of money increases psychological tensions such as stress, anxiety, and depression for money owners. Specially, reminders of possessing low denominations of money such as coins increase the owner’s psychological tension.
[ to cite ]:
Mehdi Akhgari, Hamed Aghakhani, and Kelley Main (2013) ,"Get Rid of Your Pennies If You’Re Looking For Relaxation: the Role of Money in Psychological Tension", in NA - Advances in Consumer Research Volume 41, eds. Simona Botti and Aparna Labroo, Duluth, MN : Association for Consumer Research.