Social comparison often leads individuals to match the spending habits of family and friends, a phenomenon known as 'keeping up with the Joneses', which can lead to future financial constraints.

Authors

• Person: Satvik Agarwal Organization: HSA Tutoring
  The Psychology Behind Financial Choices: The Role of Cognitive ...

Sources

• The Psychology Behind Financial Choices: The Role of Cognitive ... tutoring.hsa.net Satvik Agarwal · HSA Tutoring via serper

Referenced by nodes (1)

• social comparison concept