Tightwads vs Spendthrifts

“Frugality is driven by a pleasure of saving, as compared with tightwaddism, which is driven by a pain of paying.”

That’s one of the findings of a new study comparing people’s spending habits. Here’s how the differences between tightwads and spendthrifts break down, according to the survey of 13,327 people:

Feel emotional pain when spending
Men are bigger tightwads than women
Male tightwads feel 3x the pain in buying as male spendthrifts do

Feel pleasure when buying
Younger people more likely to be spendthrifts than older people
Less education increases spendthrift tendencies

So, are you a tightwad or a spendthrift?