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Friday, January 23, 2009, 07:00 PM: Financial Crisis

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Spending your way into a world of pain

If you did your Christmas shopping early, you've probably already received those hefty credit card bills in the mail. And if you started late, you're probably dreading receiving your mail for the next two weeks. Most people are in for a world of hurt in January. And worst of all, the pain might not be sufficient to convince spendthrifts to be a little more frugal when shopping this year. That's because, as a neuroeconomic study in the journal Neuron has it, people who spend a lot of money seem somewhat impervious to the pain associated with with spending money.

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