19-10-2010, 10:28 AM
Hi all,
I'm inclined to think that the 'Birds of a feather' flock together portion might be truer than we think. After all, within one's circle of friends, it's very common to share the latest information on purchasing all sorts of goods like cars, houses, bags, shoes or the latest dining places. In fact, that's what we're doing right here in this forum.
Throw in bits on sharing how to finance the purchase and the 'keeping up with the Joneses/Tans effect'; and you have a perfect recipe for how some people get into debt while others do not. So maybe the article is a little sensationalist but the stats from places like Credit Counselling Singapore shouldn't lie.
So in fact, our behaviour is probably very much influenced by the people we mix with and in turn we influence them as well.
I'm inclined to think that the 'Birds of a feather' flock together portion might be truer than we think. After all, within one's circle of friends, it's very common to share the latest information on purchasing all sorts of goods like cars, houses, bags, shoes or the latest dining places. In fact, that's what we're doing right here in this forum.
Throw in bits on sharing how to finance the purchase and the 'keeping up with the Joneses/Tans effect'; and you have a perfect recipe for how some people get into debt while others do not. So maybe the article is a little sensationalist but the stats from places like Credit Counselling Singapore shouldn't lie.
So in fact, our behaviour is probably very much influenced by the people we mix with and in turn we influence them as well.