Milton Friedman observed that people with the same income consume the same amount,regardless of wealth.

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Milton Friedman actually believed the opposite - he argued that individuals with similar wealth levels but different incomes have varying consumption patterns. In his view, those with larger incomes tend to save more and consume less, while those with lower incomes tend to spend more and save less. This observation is closely tied to his broader economic theories about the relationship between consumption, savings, and economic growth.

Milton Friedman Observed That People with the Same Income Consume