267 Consumerism Vs Saving Four Theories

Why do people spend so much of their disposable income on consumption and save so little towards their own financial independence This episode presents four competing theories that try to answer this question Theory 1 People are brainwashed into consumerism by advertising Theory 2 Spending escalates as people try to keep up with their peer groups Theory 3 Central bank policies have undermined saving Theory 4 Spending is the path of least resistance so you won't save unless you have sufficient motivation Which if any of these theories have merit Is there a better explanation Let me know what you think Show Notes Job Free by Jake Desyllas


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