Thinking About Financial Deprivation: Rumination and Decision Making Among the Poor

Gita Johar, Columbia University, USA
Rachel Meng, Columbia University, USA
Keith Wilcox, Columbia University, USA
We examine the role of rumination on decision making among the financially poor. Results from two studies suggest that lower-income individuals tend to ruminate more on their financial concerns. Such rumination leads to increased impulsivity and impaired cognitive performance among the poor compared to the well-off.
[ to cite ]:
Gita Johar, Rachel Meng, and Keith Wilcox (2015) ,"Thinking About Financial Deprivation: Rumination and Decision Making Among the Poor", in NA - Advances in Consumer Research Volume 43, eds. Kristin Diehl and Carolyn Yoon, Duluth, MN : Association for Consumer Research, Pages: 208-211.