About, the highest level since September 2023, according to CNC; At the same time, indebtedness with the financial system is 48.7% of income from June data, and the country adds more than 78 million defaults, a mark informed by itself for July.
More than the number, the negative composition and basic accounts of light, water and gas import 20.3%. In a developing country it is natural that essentials weigh, but the protagonism of bank and card suggests that part of the knot comes from the daily and sometimes ostentatious daily life. It is in this mismatch that it is worth discussing what weighs on our choices when the status enters the account.
Opinion counts more than being: in the experiment, having a maximum of 19.3% of the value of being seen as richest. The evidence is preliminary and comes from a study by Nicolas L. Bottan, Ricardo Perez-Truglia, Hitoshi Shigeoka and Katsunori Yamada.
In the test, participants choose between two scenarios where only three numbers change, their income, the average income around and how much the others think you earn, keeping everything else constant. There are two versions of question, the direct, “what you would choose,” and the encouraged, where you get hit what most will choose, which reduces socially desirable answers. On average, it is agreed to give up 0.259% of their own income to increase by 1% how much others think you earn, and 0.164% to reduce the average surroundings. In short, part of the people exchanges some income for the appearance of wealth and also prefer that their neighbors are relatively poorer.
Caution should be cautious as the results are preliminary and will be reviewed by pairs, but without losing sight of the fact that the mechanism marries what we already knew. Keeping your income, living surrounded by higher incomes often reduces self-reassured well-being; In a panel for OS, in 2005 Luttmer found positive coefficient for their own and negative income for neighbors’ income, with robustness to different specifications. That is, our success ruler is social, not just individual. Today, the neighborhood has become the feed, with old colleagues, distant and unknown relatives showing edited versions of life, which expands the audience to whom we signal and prolongs the pressure for appearing wealth and success.
Still, it is noteworthy that when the top -income top of income grows and becomes more visible, medium -income families spend a larger slice of income, according to a study by Marianne Bertrand and Adair Morse. This occurs mainly in “showable” categories; A 10% increase in state income 90 is associated with a relevant increase in non-rich consumption. When the top appears richer, the environment spends more precisely on items that are flashy and visible, and much of it circulates in bank and card, precisely the lines that lead the negatives.
So keeping the accounts up to date and still saving asks for a human bias: often we want to appear to be better than we are and also than others. It’s natural, but it can become a trap. In the next purchase, in the recurring expense, even in the investment, is it worth the question: am I doing this because it makes sense to me and my life, or just to look richer than I am?
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