![Who is happy? Are you a spender or a saver?Research yields surprising results Who is happy? The spender or the saver?Research yields surprising results](https://c.ndtvimg.com/2021-04/332p13j_wallet-money-generic_625x300_28_April_21.jpg)
The study was based on a poll of 2,000 American shoppers.
The age-old debate over living a luxurious life, practicing frugality, making wise financial choices, and adhering to essential spending will continue in the world of personal finance. As this clash of ideas continues, a recent survey of American shoppers offers an interesting perspective. It suggests that people who identify as “spenders” tend to experience greater happiness in life, and people who identify as “spenders” tend to experience greater happiness in life. The “saver” camp is often associated with financial wisdom and prudence.
according to New York Post, A poll of 2,000 U.S. shoppers found that 56% of Americans consider themselves to be spendthrifts who splurge on things they really want, while 34% describe themselves as “spenders” who splurge on things they really want. It turns out that he considers himself a “saver” who doesn’t buy anything until it’s sold or sold. It’s a must-have item. Meanwhile, 10% claimed to be neither type of shopper. Perhaps unsurprisingly, spenders spend more money on non-essentials in a given week, almost twice as much as savers ($621 compared to $348). I found out something. On the other hand, savers spend less of their total income on unnecessary items than spenders (18% vs. 22%).
The news portal also found that compared to savers, spenders are also more satisfied with their relationships (78% and 63%, respectively), work life (78% and 57%, respectively), and personal life (77% and 57%). It was reported that it was found that 71% each). Interestingly, we also found that spenders were more satisfied with their financial lives than savers (73% and 56%, respectively).
However, by saving and investing wisely, you can achieve financial independence and reduce your dependence on others and debt. This freedom improves everyone’s quality of life and reduces stress. This study also supports this idea, showing that a saver who allocates only 29% of his annual gross income to miscellaneous purchases has an advantage in financial management compared to a spender who spends 38% of his income. It has been shown that it may be.
Street new york times, The research, conducted by OnePoll on behalf of Citizens Pay, also found that 59% think about the financial impact of a major purchase “often” and “always” before deciding whether it’s worth buying. found. Despite their propensity to spend, spendthrifts are also more likely than average to consider the financial impact of major purchases (61%).
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