The 2021 study had a small sample size of 28 participants, but other research also finds that people are likely to spend more with credit cards. A vacation from credit card spending isn’t for everyone, though. YOU FREQUENTLY OVERSPEND IN CERTAIN CATEGORIESYou might not need to go cold turkey on your credit card spending. RELATED LINKS:NerdWallet: Does using a credit card make you spend more money? https://bit.ly/nerdwallet-credit-cards-make-you-spend-moreMIT Management Sloan School: MIT Sloan study shows credit cards act to “step on the gas” to increase spending https://mitsloan.mit.edu/press/mit-sloan-study-shows-credit-cards-act-to-step-gas-to-increase-spending

Source: Wall Street Journal May 30, 2023 11:13 UTC