The impact of peer pressure on our spending habits from "summary" of Dhan-Sampatti Ka Manovigyan (The Psychology of Money - Hindi) by मॉर्गन हाउज़ल
Peer pressure is a powerful force that can influence our spending habits in significant ways. We are social beings, and we often look to our peers for cues on how to behave, including how to spend our money. When we see our friends or colleagues making certain purchases, we may feel compelled to do the same in order to fit in or keep up with the group. This can lead us to spend money on things we may not truly need or even want, simply because we want to feel accepted by our peers. Peer pressure can also play a role in our desire to display social status or wealth. When we see others around us flaunting expensive items or taking luxurious vacations, we may ...
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