Study: Nice people are not good money managers

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(New York, NY) -- A new study says nice people aren't very good at saving money.

Researchers at Columbia University found people who are more agreeable are the least likely to save money because they prioritize hanging out with people over material wealth.

On the other hand, highly conscientious people might be more motivated to plan for the future and put away money regularly.

The study found that Americans save only two-point-three percent of their income. That's the lowest in nearly two decades.