According to the Payoff study, 23 percent of Americans—and 35 percent of millennials—experience a debilitating degree of stress over their finances, affecting their thoughts and feelings in ways that are most commonly associated with PTSD.
While the quiz is fun, there are also helpful recommendations for how each personality should manage their money. For instance, [Payoff] recommends that “Storytellers” remain more conscious of spending when they’re out socially.
Payoff is hoping to make it easier for people to understand how they make financial decisions. And the bet is that by understanding your personality, you can take steps to improve your decisions in the future.
By offering loans at rates lower than those charged by many card companies, [Payoff] says it will help consumers pay off their most expensive debt and get on sound financial footing.