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When feeling financially squeezed, some poor people spend less while rich people spend more

  • Posted on July 19, 2026
  • By The Globe and Mail
  • 0 Views
  • 1 min read
In brief

Income paradox reveals psychological spending patterns among Canadians across socioeconomic levels. Research shows that middle and upper-income households often increase consumption during financial anxiety, while lower-income populations adopt conservative spending habits. This contrasting behavior reflects different economic security perceptions and coping mechanisms, highlighting how perceived financial stress influences consumer decisions regardless of actual earnings.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

When feeling financially squeezed, some poor people spend less while rich people spend more
When feeling financially squeezed, some poor people spend less while rich people spend more

Why some Canadians who objectively make good money feel like they are struggling to keep up
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Author
The Globe and Mail

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