Extroverts Tend to Save Less Money

Extroverted populations tend to have lower savings rates, new research shows.

"The more extroverted the population, the lower the savings rates tended to be, even when controlling for population differences in age, life expectancy, and wealth," says Jacob Hirsh. icanteachyouhowtodoit/CC BY 2.0

Extroverted populations tend to have lower savings rates, new research shows.

“Many of the choices that people make are influenced by their personality characteristics,” says Jacob Hirsh, assistant professor at Rotman School and University of Toronto Mississauga’s Institute for Management and Innovation.