Income inequality shapes global spending habits, study finds.
The article explores how differences in income levels and distribution affect spending patterns across countries. By analyzing international and national income disparities, the researchers found that variations in average income and income distribution impact how households spend money. They developed a new way to measure inequality through consumption patterns, showing that differences in income distribution within countries influence overall demand. This suggests that understanding how income is distributed within countries is crucial for predicting spending behaviors on a global scale.