Are people that are very social more likely to spend impulsively?

[Fidelia]

They say that personality can play a big role in the spending habits of a person. They also say that reserved people are less likely to spend more money. Is it true that social people are likely to engage in impulse spending or it is just a fallacy?

 

[gwolf666]

There is actually some truth to the idea that personality can influence spending habits. Social or extroverted people often engage more in social activities, which can lead to higher spending on entertainment, dining out, and experiences. Being around others frequently can also increase exposure to marketing, trends, and peer pressure, which sometimes triggers impulse purchases. On the other hand, reserved or introverted individuals may spend less because they engage in fewer social situations and tend to plan their purchases more carefully. That said, personality is not the sole factor—financial literacy, income level, cultural background, and personal values also play a huge role in spending habits. So while social people might have a higher tendency toward impulse spending, it’s not a universal rule, and plenty of extroverts are disciplined with money, just as some introverts may still make impulsive purchases online or when shopping alone.

 

[eLdavis]

Yes people who are social might end up spending more than those who aren't but it also depends on the individual as i have seen some who are very social but also mind how they spend.

 

[Springtime]

Social people tend to spend more as they have more activities such as traveling, dining out with friends. Introverts prefer to stay home. That said, it also depends on the person's spending habits and self-discipline.

 

[Augusta]

Yes, you would spend more because as you relate more with people you might be taxed for financial help