'Money illusion' explains why side hustles are making you poorer New research shows that for many, a side hustle is not helping to boost their financial position ...

Money illusion posits that people have a tendency to view their wealth and income in nominal dollar terms, rather than recognize their real value, adjusted for inflation.; Economists cite factors ...

Neuronal Cause Of 'Money Illusion': Inflation Felt To Be Not So Bad As A Wage Cut Date: March 27, 2009 Source: University of Bonn Summary: Many people view a rise in their income as a good thing ...

Consider Yale professor Robert Shiller's comments on the money illusion as we mentally account for our housing purchases, “Since people are likely to remember the price they paid for their house ...

'Money illusion' explains why side hustles are actually making you poorer… and how you can earn more. READ MORE: My side hustle now makes $147m a year and is sold in Walmart By ALICE WRIGHT FOR ...

“Money Illusion,” a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with ...

Hicks: Money illusion and inflation. Michael Hicks. Ball State University. MUNCIE, Ind. – Inflation is the decline in the value of currency caused by an increase in the supply of money.

But this “Big Money Illusion” – that inflation is less than it really is – has them fooled. It’s made them think they’re a lot safer than they really are.

When people see their wages go up, but prices are rising faster, economists call it 'the money illusion.' Paychecks might look bigger, but it's an illusion. Simple math shows you are getting paid ...