Bling, foreclosures, rising credit card debt, bank and auto bailouts, upside down mortgages and perhaps a mid-life crisis new Corvette, all symptoms of compulsive overspending.

University of Michigan researcher Daniel Kruger looks to evolution and mating for an explanation. He theorizes that men overspend to attract mates. It all boils down, as it has for hundreds of thousands of years, to making babies.

Hardwired to overspend 

Professor Daniel Kruger looks to evolution to explain why we overspend                                                       

No one enjoys being told that their behavior is harmful to themselves or others. In fact, most people respond defensively when confronted with evidence that their behavior is irrational, irresponsible, or unhealthy. Fortunately, research has shown that just a few minutes of writing about an important value can reduce defensiveness. Previous research by David Sherman at the University of California at Santa Barbara and his collaborators have shown that coffee drinkers are more willing to accept information that drinking coffee harms their health if they first write a few sentences about their most important value.
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Violence between partners, friends and acquaintances appears prevalent both during and before college, according to results of a survey of students at three urban college campuses.
The transition from living at home to attending college may increase adolescents’ vulnerability to relationship violence, according to background information in the article. Factors associated with this risk include less parental monitoring and support, isolation in an unknown environment and a strong desire for peer acceptance that can change behaviors toward others. [continue reading…]