Good savings habits are in your genes

33% of differences in savings decisions are determined by our genes

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From the June 2015 issue of the magazine.

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savings habits

(Getty Images; Scott Tysick)

When it comes to saving behaviour, it turns out your parents’ genes are far more valuable than any solid financial advice they may try to impart. That’s the finding of a new Journal of Political Economy paper, which found that 33% of the differences in our savings and investment decisions are determined by our genetic predisposition. In particular, they found that our financial habits are rooted in general self control, with poor savings behaviour genetically correlated with smoking and obesity. Good parenting helps, but its effect quickly fades once adult children reach their 20s and start becoming less financially dependent. By age 40, parenting had little or no impact at all. When it comes to money, nature beats nurture every time.


2 comments on “Good savings habits are in your genes

  1. This article sounds idiotic and stupid and is tremendously hard to believe. Please provide a link so I can determine if this is bad science, shoddy reporting, or both (but I will allow for neither).


    • This article is right on target. If your parents are good with money more often than not the children will be too. Self control and mannerisms are from parents, not just looks. Most kid’s see family finances this day and age, anyway. This is what they adapt to when growing up. Where they live, how they live, and how do they compare,


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