Sociology, asked by TbiaSamishta, 1 year ago

Do you thing saving and spending habits are culturally formed

Answers

Answered by Anonymous
1
Are spending and saving habits culturally formed? ... How do you develop a spending money habit? Keep on getting alot of things then you'll want to get more and more things, 
Answered by aqibkincsem
5

Yes,  saving and spending habits are formed culturally.


With the advent of mall culture, spending and saving habits of the youth have changed drastically.


Today's youth is more brand conscious and spend a lot on gadgets and entertainment, having very less to save.


Researches have shown that saving account of youth can prove to be a high level tool to achieve youth development and financial objectives.

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