Linguistic relativity is the idea that the language people use affects or even limits the way that they can think. This idea was developed in the early 20th century, and continues to be a matter of disagreement among linguists and cognitive scientists. The Cambridge and Oxford university presses are even publishing dueling upcoming books on the subject, The Bilingual Mind, which examines linguistic relativity in the context of people who speak more than one language, and The Language Hoax flatly denies that it exists.
The Greeks have no word for "Sovereign Default" OR timeo danaos et linguas quae futurum tempus habent dicentem.
I ﬁnd that speakers of languages with little to no grammatical distinction between the present and future (weak-FTR ["Future Time Reference"] language speakers) engage in much more future-oriented behavior. Weak-FTR speakers are 30% more likely to have saved in any given year, and have accumulated an additional 170 thousand Euros by retirement. I also examine non-monetary measures such as health behaviors and long-run health. I ﬁnd that by retirement, weak-FTR speakers are in better health by numerous measures: they are 24% less likely to have smoked heavily, are 29% more likely to be physically active, and are 13% less likely to be medically obese. [more inside]