If you expect to get a substantial raise 6 months from now and if you are like most people,it will not affect your current consumption because you haven't received the money yet.

Name: If you expect to get a substantial raise 6 months from now and if you are like most people,it will not affect your current consumption because you haven't received the money yet.
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Quizplus · Accepted Answer

Most people tend to adjust their current consumption based on expected future income, a concept known as the "permanent income hypothesis."

If You Expect to Get a Substantial Raise 6 Months