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Volume 12 Issue 07
July 2026
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Abstract
This Paper Explores The Intricate Relationship Between Income Inequality And Consumer Spending Patterns, Shedding Light On The Dynamic Nature Of Consumer Behaviour In Response To Fluctuations In Personal Finance. Income, Being A Central Determinant Of An Individual’s Purchasing Power, Plays A Pivotal Role In Shaping The Consumption Patterns And Preferences Of Consumers. A Widening Gap In Income Distribution Leads To Distinct Consumption Behaviors Across Different Income Groups, With Higher-income Individuals Tending To Spend More On Luxury Goods And Services While Lower-income Individuals Prioritize Basic Necessities, Ultimately Shaping Market Dynamics And Influencing Overall Economic Activity Due To Differing Propensities To Consume Across Income Levels. This Study Examines How Income Inequality Significantly Patterns, Highlighting That A Wider Income Gap Leads To Distinct Consumption Behaviors Between High And Low-income Groups. This Study Examines The Complex Relationship Between Consumer Buying Habits And Income Inequality, Illuminating How Consumers' Conduct Is Dynamic In Reaction To Changes In Personal Financial Circumstances.
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Paper ID
IJSARTV11I4103190
Publication Date
April 18, 2025
Research Area
Economic And Consumer Behavior