Tightwads and Spendthrifts & Why We Love “Made in America”

Choking under pressure. No one wants to do that yet when the stakes are high, it can be hard to rise to the occasion and easy to choke. This episode begins with a technique that has proven to help people in high pressure situations to NOT choke when there is a lot riding on the outcome. http://www.apa.org/news/press/releases/2012/09/choking-pressure.aspx You likely know people you are tightwads or spendthrifts. Perhaps you are one of them. How is it that some people become one or the other? Why does it seem that they are attracted to each other (and apparently they really are)? What’s the difference between being a tightwad and being frugal – or cheap? Here to explain the world of tightwads and spendthrifts is Scott Rick He is a marketing professor at the University of Michigan’s Ross School of Business, and author of the book, Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships (https://amzn.to/47oFOxt). Interestingly, Scott is a spendthrift who is married to a tightwad so he is truly on the front lines of this discussion. Here in the USA, people like the idea of buying products that are “Made in America.” Still, over the last several decades, a lot of…