Commentary

Is Instinct Eroding Your Financial Health?

Sarah Newcomb

As humans we have an innate need to evaluate our worth and position in society. When we lack an objective measure to do so, we look to "similar others" to judge our progress. Recent research from Morningstar shows that this normal human instinct may be causing us more harm than good when it comes to our money.

In a survey of several hundred people, we found the following: