Turkish Consumption Habits Shift as Income Rises, Saving Rates Increase.
The study looked at how people in Turkey change their spending habits as their income increases. The researchers used a model to analyze data from the Turkish Statistical Institute. They found that as people earn more money, they tend to save more and spend less, which means their consumption habits slow down. This shows that in Turkey, as income goes up, people are likely to save more instead of spending more.