Debt Gene to Blame for Overspending Tendencies

by Trilok Kapur on  December 30, 2009 at 7:26 AM Lifestyle News
RSS Email Print This Page Comment
 Debt Gene to Blame for Overspending Tendencies
Are you feeling guilty of overspending and not being able to control the money splash? Well, blame your debt gene for this uncontrollable itch, says a new study.
Advertisement

A recent research from the London School of Economics and the University of California has claimed that some of us may actually have a debt gene which makes us predisposed to over-extending on the credit front.

Advertisement
According to co-author Jan-Emmanuel De Neve of the LSE (and quoted on smartmoney.com), humans have "a set of genes whose expression, in combination with environmental factors, influences financial decision-making".

The little bit of DNA is called the MAOA gene, which apparently can degrade neurotransmitters in the brain that regulate such things as impulsive behaviour.

A study involving some 2500 US young adults (18-26) found that those with a "low efficiency" MAOA gene were more likely to be saddled with credit card debt.

This means that they were more likely to seek immediate gratification rather than weighing up the consequences first, reports the Courier Mail.

It is believed that if one carries the wrong variants of this gene (which is also linked to addictive behaviour), there are chances that his or her unpaid bills on the plastic could increase by up to 16 per cent.

And as with most genetic conditions, there is no easy cure for the problem.

Source: ANI
TRI
Advertisement

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
Notify me when reply is posted
I agree to the terms and conditions

More News on:

DNA Finger Printing 
Advertisement

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Advertisement

Advertisement
Advertisement

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive