Albert accounts for every penny he spends because he would rather save money than spend it. Doreen, his wife, complains he is a "tightwad." Is she right? Explain.

There are two types of frugal consumers: spendthrifts, who enjoy nothing more than buying everything in sight, and tightwads, for whom spending money is an unpleasant experience. Research on this issue finds that tightwads outnumber spendthrifts. Technically, he is a spendthrift.