When feeling financially squeezed, some poor people spend less while rich people spend more
- Posted on July 19, 2026
- By The Globe and Mail
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- 1 min read
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.
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