Surveys reveals five patterns in consumer responses to inflation

People are scaling back their spending habits and changing attitudes toward saving and borrowing after a year and a half of high inflation, according to a special report from the University of Michigan's Surveys of Consumers.

Seeing colleagues succeed may make us feel more motivated

Observing the success of a colleague can motivate us to learn more and perform at a higher level. But when we perceive that a peer's accomplishment has risen above the usual standard of "good work" and can be rated an "exceptional" ...

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