Showrooming is a term used to describe the practice of shoppers visiting a brick-and-mortar store to examine merchandise before subsequently purchasing it online, typically at a lower price. In recent years, the prevalence of showrooming has increased as technology has advanced and shoppers have become more comfortable making purchases online. There are a number of … Read more

Dissaving Definition.

Dissaving is when you spend more money than you earn in a given period. Dissaving can happen over the course of a year, month, or even a day. When you dissave, you are using up your savings, which can eventually lead to debt. There are two main types of dissaving: 1. Compulsory dissaving: This happens … Read more

Life-Cycle Hypothesis (LCH).

The Life-Cycle Hypothesis posits that individuals save and smooth consumption over their lifetime in order to even out their spending patterns. This means that people will save during their working years in order to have funds available during their retirement. The LCH is a key concept in Economics and is used to help explain a … Read more

What Is Discretionary Income?

Discretionary income is the money that you have left over after you have paid for your essential living costs, such as food, shelter and clothing. This money can be used for anything you want, including savings, investments, or luxury purchases. Discretionary income is often used as a measure of someone’s financial well-being. The more discretionary … Read more

Understanding Quality of Life.

Quality of life is often used as a broad term to encompass many different aspects of an individual’s life, including their physical health, mental well-being, level of education, standard of living, and overall happiness. When trying to understand someone’s quality of life, it is important to consider all of these different factors. For example, someone … Read more

Caveat Emptor: What It Is and What Replaced It.

Caveat Emptor: What It Is and What Replaced It. What is the opposite of caveat emptor? Caveat emptor is a Latin phrase that means “let the buyer beware.” It is often used in reference to situations where someone purchases something without fully understanding what they are buying. The opposite of caveat emptor would be “caveat … Read more