Tag: Social comparison
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$2.2 Million is the New Benchmark for Wealth in 2023 – Modern Wealth Survey Insights
In the complex and ever-changing financial landscape of America, understanding the intricate web of demographic and social dynamics is more than just a necessity—it’s an imperative. A recent report from Charles Schwab & Co., Inc. and Logica Research, aptly titled “The Modern Wealth Survey,” provides a comprehensive and insightful snapshot of these dynamics. It unveils…
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The Psychological Reasons Behind Overspending and How to Overcome Them
Overspending is a common problem that affects many people. It can lead to financial stress, debt, and other negative consequences. But what causes people to overspend in the first place? The answer lies in the psychology of spending. One of the main reasons why people overspend is due to instant gratification. In today’s fast-paced world,…