We surveyed over 4,000 people to see how people handle money, what factors influence their spending and do they react when asked to share or spend their money freely.
Here’s what we discovered…
No surprise here, people want a place to live over any other necessity. The surprise is that only 15% of people choose the one thing you HAVE to have to live – food!
The majority of people are willing to wait for a higher payout but aren’t willing to gamble free money away even if it means double the cash (just 8% would go for the biggest payout possible). Only 7% of people would take the lowest amount possible but have the money in their pocket right away.
Most people see tipping as just part of the restaurant expense and are totally fine giving that additional money away to hard working servers. Good news for tip earners, 62% of people usually have cash in their wallet.
When it comes to giving money away to charity 17% of people really don’t like to spread the love and only do it out of a feeling of obligation. The sad stat here is that 31% feel they would give more if they earned more money.
Here’s an interesting stat, 42% of people would cancel all the debt in the world even if they had to give all their own money away.
A penny has all but lost any real value. 70% wouldn’t bend down to pick up a penny if they knew several strangers would see them scrape the penny up. 15% of people wouldn’t even consider bending over for even a dollar, a dollar!
You know money is tight when we charge our own friends interest on a $200 loan. At least those people are willing to even loan the money, 14% of people would outright deny their friend a loan on any terms.