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Spending money or having money? Judging people’s wealth from their spending habits

Kappes, Heather Barry ORCID: 0000-0002-6335-3888 (2021) Spending money or having money? Judging people’s wealth from their spending habits. LSE Business Review (20 Jul 2021). Blog Entry.

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Abstract

People spend money on things that are conspicuous, or highly visible to others, to project wealth. But we shouldn’t assume people are wealthy based on their spending habits. Some people prefer to save most of their income; others spend more than would be financially advisable. Heather Kappes warns us that when we infer people’s wealth by what we see them consume we tend to spend more, leaving us more financially vulnerable in case of emergencies.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
B Philosophy. Psychology. Religion > BF Psychology
Date Deposited: 16 Sep 2021 14:42
Last Modified: 30 Sep 2021 23:27
URI: http://eprints.lse.ac.uk/id/eprint/111639

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