As people's incomes rise, they are more likely to prefer additional experiences over additional possessions.

Question

Quizplus · Accepted Answer

Multiple studies have shown that as people's incomes increase, they tend to place more value on experiences such as travel, dining out, or attending events, rather than accumulating more possessions. This is because experiences often provide a greater sense of fulfillment and happiness compared to material items.

As People's Incomes Rise, They Are More Likely to Prefer