Not really. A new behavioral economics study on money anxiety’s impact on banking customers’ financial decisions shows that during both the Great Recession and its aftermath people made the wrong instinctive decisions and moved money from certificates of deposit, which are term accounts paying an average of 1.26 percent interest, to checking, savings and money market accounts, which are liquid accounts paying only an average of 0.23 percent interest. Hence, money anxiety prevented banking customers from
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