Religious households more likely to save money, plan for the future

Nicholas C. DiDonato

Family savings

Some see religion as an unnecessary burden because it requires time and money. While time cannot be recovered, money has a way of yielding returns on investment. Research by economists Luc Renneboog and Christophe Spaenjers (both Tilburg University, Netherlands) suggests that religious households tend to save money and plan for the future more than non-religious households, and, further breaking their results down, that Catholics attach greater importance to thrift and less importance to risk than Protestants.

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How much are your sacred values worth?

Connor Wood

Value

The best things in life can’t be bought…but everyone has his or her price. The age-old wisdom about values and money can be contradictory. Fortunately, new research from both sides of the Atlantic helps clear things up – scientists using brain scanning technology have found that people will give up some values for money but not others. The values that people won’t sell light up regions of the brain associated with rules, not with utilitarian choices, implying that those values aren’t the products of mere cost-benefit analyses. Some “sacred” choices and values, it seems, just aren’t for sale.
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