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Stop Keeping Up With the Jonses: A Financial Wake Up Call! | Ep.2
Ever felt pressure to spend money you shouldn't spend just to fit in???
In this podcast episode, I evaluate a study that shows how people spend more money when their neighbors spend the lottery. I discuss the reasons this happens and how to avoid feeling this pressure.
Link to study discussed in this podcast episode: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2018/wp18-22.pdf?la=en
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By Carlos McWhorter, CPAEver felt pressure to spend money you shouldn't spend just to fit in???
In this podcast episode, I evaluate a study that shows how people spend more money when their neighbors spend the lottery. I discuss the reasons this happens and how to avoid feeling this pressure.
Link to study discussed in this podcast episode: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2018/wp18-22.pdf?la=en