Factors that Affect the Spending Behavior

7. Draw conclusions - Interpret the data from the graph made in Question 7. What conclusions can you make based on the results of this graph?

When it comes to the data and methods, this study used the Federal Reserve Board’s Survey of Consumer Finances (SCF), which is a repeated survey that includes the information on household income and wealth holdings; the Federal Reserve conducts this survey every three years. To test the hypothesis there are

Draw conclusions - Interpret the data from the graph made in Question 7. What conclusions can you make based on the results of this graph?

Internal validity of this study included data collection process and student personal interest in education. For example, students may have scored in exam because they concern about their own education. Reliability of this study instrument has not been tested. This is the first time this group will have this survey. There is no former survey to use as a standard to see if there are many changes.

Before reading the excerpts from “The Overspent American” I was not familiar with Juliet Schor’s work. While reading however, I saw that her views were different from many of the other authors that we have read so far. When I had finished the reading I found the reading enjoyable and fascinating. The reason that her writing intrigued me was because of her multiple perspectives while writing. Not only does she concentrate on the economics of American people, but she also uses a sociologist lens to show the purchasing habits of our culture. “The Overspent American” focuses on how we as a society have changed our spending patterns from the past. During the 1950s the phrase “keeping up with the Jones’” was coined and it represented Americans trying to outspend their neighbors and friends. For example, my friend buys a boat and I also need to buy a boat to make sure my friends saw me as being wealthy. Today our society as changed in many ways but Schor finds that our spending habits have altered the most since the 1950s. By analyzing and evaluating her work, one can see how Americans spending habits have changed over time and how our economics have been overtaken by television and broadcast media.

The United States department of commerce found out that the nation is becoming weaker. Economy had increased how consumers blow their paychecks on unnecessary items. For example, many Americans are not able to pay their rent, yet still buy play stations 4 and a 52 inch plasma TV. Most Americans spend money when going to a gas station, in game purchase or paying full price for clothes. People who pay for items in full price should be more responsible with their money. However, Alyssa Battistoni

For Question 5, fully address management’s concerns as part of your written analysis using the new or the previous calculations to support your recommendation/explanation. As part of your written analysis, include how management might use these calculations to make decisions. The written analysis should be supported by at least 2 scholarly sources, excluding the textbook.

The Midterm Exam is individual work. All work on the exam should be from your own efforts, with no assistance from classmates, family, friends or others. By proceeding with this exam, you are agreeing not to share the exam content or your responses with anyone, including future students of MGMT640. (Upload your answer sheet and

| Analyze Figure 5.4 and identify any accounts that appear to represent significant variations from what one might expect. For each of the accounts, identify another account that might

Many adults and teenagers living in the present day still do not know why saving money is important. As much as we all hope emergencies won’t happen, the truth is we all know that sometimes they are unavoidable. If you do not have a safety net to lean on when these problems arise they can rapidly turn into additional debt and loans. Setting a little money aside will assist you when these life emergencies arise. Saving money also helps people achieve and aspire to their personal, social, political, and environmental goals. Once you have enough money saved you can become financially independent and able to make your own choices about how to spend your money. Additionally, saving money gives you peace and satisfaction. Knowing that you have your finances in control feels commendable. Not having to worry about sudden emergencies or costly repairs lowers your stress levels. Saving money helps in sudden emergencies, assists

Personal views on the survey nearing the end of the course were expected. The institution attempts

When budgeting for yourself you tend to fall into a “grove” which is your own spending/conservation trend, that depends on your wages or salaries. People adjust their spending patterns based on how much they make and what they can afford. In the market economy that we live in, changes in prices dictate and help guide decisions on where people should spend money or invest their

First, we must address what it looks like to live within our means. A study conducted by CNN reported that 76 percent of Americans live paycheck-to-paycheck (Johnson). On top of that, many do not have sufficient savings to cover six months of expenses. According to Johnson’s survey, people do not have enough to save after all of their expenses. Here in lies the problem. If you do not have enough money to meet pay for your expenses and save, you are spending too much. Catherine New compares how the wealthy also live paycheck-to-paycheck. In her article she writes, “My friend and her husband are doing an excellent

6). Interestingly enough, in a study by Pew Charitable Trusts (2015), 69 percent of Americans, when asked about nonmortgage debt, say although they prefer not to have debt, it is a necessity in their lives. Similarly, 68 percent of Americans said they would not have been able to make purchases or investments with just their income or savings alone yet loans and credit cards allowed them to do this (p. 8). Beyond “rainy day” savings, “…more than half of all American households lack sufficient retirement savings to maintain pre-retirement lifestyles, even if family members continue to work until age 65” ( Wuorio, 2015, para. 3). This paper examines where many American families are financially, why a majority of Americans struggle with saving money, and what changes should take place in order strengthen financial security and develop healthy spending habits.

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.