The Debt Trap

<p>We like to think that good financial decisions come down to discipline and basic math. But the psychology of money turns out to be deeply complicated. Researcher <a href="https://people.wright.edu/john.dinsmore" rel="noopener noreferrer">John Dinsmore</a> explains the hidden mental biases that shape how we think about spending, borrowing, and the future. We explore how these forces can steer us toward costly mistakes — and how to guard against them. Then, on Your Questions Answered, researcher <a href="https://www.darden.virginia.edu/faculty-research/directory/bidhan-l-parmar" rel="noopener noreferrer">Bobby Parmar</a> returns to consider …