Big Savers Are More Desirable Than Big Spenders, Study Finds

Big Spenders Should Be Worried About Their Dating Prospects
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A jar of sterling coins is tipped on its side with the coins spilling out on to a wooden surface. The jar denotes a savings pot.

Hey big spender, people who tend to save money rather than spend it are considered more attractive than you, according to a recent working paper out of the University of Michigan's Ross School of Business.

The paper, entitled "A Penny Saved is a Partner Earned: The Romantic Appeal of Savers," asked 282 adults to review the dating profiles of both savers and spenders. The survey responders then ranked the profiles on a scale of one to seven in terms of compatibility. Savers received an average score of 5, while spenders consistently came in behind, with an average score of 4, according to the Los Angeles Times.

What makes a saver attractive might have to do more with personality than the money itself. They survey's authors, Jenny Olson and Scott Rick, said savers tend to exhibit a larger sense of self-control, which can comfort a potential partner and often translates into self-control in other aspects of life, such as dieting and exercise. Conversely, excessive spending suggests a tendency toward irresponsible behavior.

The survey results add to a growing body of evidence that Americans prefer their partners exert some fiscal responsibility. For example, a large majority of daters consider a good credit score a necessary requirement in any potential date, according to nationwide interviews of single daters under 40.

Some dating websites have caught on, and today creditscoredating.com and datemycreditscore.com actually allow users to share credit score information with others. Watch those credit cards, people.

Before You Go

9 Ways Americans Haven't Recovered
Unemployment(01 of09)
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When the economy was roaring in 2007, the U.S. unemployment rate was 5 percent. In January 2013 the unemployment rate was 7.9 percent. (credit:AP)
Income And Wages(02 of09)
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The U.S. median income fell to $50,054 in 2011, which is the most recent full year in which that data is available. That's down 8.1 percent since 2007. Wages also fell to a record-low 43.5 percent of the economy in 2012, according to the New York Times.Meanwhile, corporate profits are still booming. (credit:Shutterstock)
Number Of People On Food Stamps(03 of09)
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The number of Americans on food stamps surged to a record in 46 million in June 2012. That's compared to 26.5 million in 2007. (credit:AP)
Uninsured Americans(04 of09)
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More than 16 percent of Americans -- or 48.6 million people -- were uninsured in 2011, according to Kaiser Health News. This number is higher than what it was in 2007, when the share of uninsured Americans was 15.3 percent. (credit:AP)
Student Loan Debt(05 of09)
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The average student loan debt for a class of 2011 graduate was about $26,500, according to the Project on Student Debt data cited by the New York Times. Since 2007, when the average student debt was $23,349, student loan debt has increased for almost every demographic and the size of that debt has gone up as well, according to Pew. (credit:PA)
Homelessness(06 of09)
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In 2011, 644,067 Americans experienced homelessness on any given night, according to data from the National Alliance to End Homelessness cited by NBC News. Though that number is actually down 13 percent from 2007, the decrease is largely attributed to a boost in the number of programs to help keep the homeless off the streets. (credit:Getty Images)
Children In Poverty(07 of09)
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More than 16 million children -- or about 20 percent of American children -- were in poverty in 2011, according to the Census Bureau. That's up from nearly 18 percent of American children in 2007. (credit:Getty Images)
Homeownership(08 of09)
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We're on our way to becoming a renter nation. The homeownership rate in the 12 months leading up to May 2012 was 65.4 percent, according to Census Bureau data cited by CNNMoney. That's the lowest rate in 15 years. In the last quarter of 2007, the homeownership rate was 67.8 percent. (credit:AP)
Foreclosures(09 of09)
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There were 2.7 million foreclosures in 2011. That's up from 2.2 million foreclosures in 2007. (credit:AP)