Poor extroverts spend proportionately more on buying status
August 24, 2017
The Economist:
EVEN when money is short, an occasional high-end experience is tempting. From luxury clothes to a round of golf, splurging not only makes people feel better, but may also enhance their status with their friends and relations. And for those without much status to start with, that seems to matter more. Researchers have long observed that people who have low incomes spend a bigger fraction of their earnings on things they perceive as status-enhancing than do those with money in more abundance.
Read the whole story: The Economist
APS regularly opens certain online articles for discussion on our website. Effective February 2021, you must be a logged-in APS member to post comments. By posting a comment, you agree to our Community Guidelines and the display of your profile information, including your name and affiliation. Any opinions, findings, conclusions, or recommendations present in article comments are those of the writers and do not necessarily reflect the views of APS or the article’s author. For more information, please see our Community Guidelines.
Please login with your APS account to comment.