Tiny Leaps, Big Changes

In this episode, I talk about the role the economy plays in our day-to-day behavior.  Follow me on Instagram: http://instagram.com/greggclunis Episode Notes: The economy, our income, and our spending power "Your income determines how much you can afford to allocate to different needs and wants. Most of us need a place to live, transportation and a certain amount of food. Economists refer to these as basic needs, which tend to get first priority. Your income is limited, whether it comes from traditional employment, self-employment or a combination of these -- even if you're a billionaire. Of course, someone who has a lower income will tend to spend a higher percentage on basic needs because they have to. Households with higher incomes can afford to allocate more of their incomes, as a percentage and in absolute dollar terms, to discretionary purchases." https://budgeting.thenest.com/5-economic-factors-influence-peoples-behavior-25099.html Economic development and individual and social behavior "Several studie