Consumption habits vary globally. In recent years, people’s spending spiraled out of control. This overspending contributed to the cause of the global recession. As a result of the recession people are generally more cautious with their money. So what kind of things do people from different countries spend their money on?
Do the Russian launder their money, looks at the fact that nowadays Russians are more inclined to spend their money than save it. Alcohol, fruit, fish, household goods and cosmetics are items which Russians tend to spend their money on.
How do Latin Americans and the Spanish spend their money? In South America spending varies from country to country depending on the economy. For example, it is very hard to get mortgages in Argentina so people tend to spend their money on cars. On the other hand, Colombians tend to invest their money in property.
The introduction of credit cards has had a big influence on consumption habits in Turkey. Impulse buying has become widespread as a result of this. Consumption differences between the Chinese and the Americans, discusses the differences in both cultures where money is concerned. Americans are more likely to borrow money when they want something new, whereas the Chinese are more likely to save for it.
The fun loving Romanians spend most of their money on alcohol and tobacco. Read the articles below to find out more about this interesting topic: