While Financial Literacy Lessons Can Be Learned, Some Money Habits May Be in Your Genes
"Where do these things fundamentally come from?" Siegel asked. He had a hunch that it has to be some outcome of evolution. Indeed, in one of the biggest research endeavors into the causes of our financial behavior, Siegel studied some 30,000 identical and fraternal twins from Sweden, and ultimately found that the most powerful determiner was our genes. More than differences in parenting or socioeconomic status, our financial habits are shaped by our DNA. "I never thought of connecting finance with biology," he said, but added that it only made sense to do so. "We are just another species." Wh...