What you speak affects how you save

According to Yale University behavioral economist Keith Chen, the language you speak affects your spending and saving behavior.

“The act of savings is fundamentally about understanding that your future self – the person you’re saving for – is in some sense equivalent to your present self,” Prof Chen told the BBC’s Business Daily.

“If your language separates the future and the present in its grammar that seems to lead you to slightly disassociate the future from the present every time you speak.

“That effectively makes it harder for you to save.”

What do you think of his findings? And, what does it say for bilinguals like us in Singapore? 

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