People who realize they’re spending more than their peers — those of a similar socioeconomic status — will cut back on their spending. In theory, that is.
I think this is nice. Too bad it isn't always true in reality. It may help when you lead by example though.
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No I dont think that is necessarily true. In fact, I dont think most people discuss financial matters that much with close friends or family.
Money seems to be a taboo subject that doesnt get discussed a great deal.
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True. But you know those people tend to brag on what they buy on social media so other people might see it. Then again, its hard to know how much they make unless you know them.
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