Poor extroverts spend proportionately more on buying status

Published: 24/08/2017
Poor extroverts spend proportionately more on buying status
Source: WWW.ECONOMIST.COM

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 e

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