Research: Greed is bad for your finances

Posted at 11:20 AM, Aug 17, 2016
and last updated 2016-08-17 11:20:08-04

HOUSTON — More money, more problems. At least, that's if you love money.

State Street's Center for Applied Research recently conducted a study that found nearly 60 percent of investors who score high on the  "love of money" scale tend to have bad financial outcomes.

So the more you love money, the less it seems to love you back.

The study also found that those who love money the least make better investments!

And get this, although America might seem like the milk and honey land of money, folks here don't love it the most! India took the title followed by China and Brazil.

If you aren't rich, no worries. The survey didn't find a connection between loving money and level of wealth.