Financial Habits among the Faithful
Dr. Sarah Estelle, Economics
This project examines how relative religiosity affects pecuniary conduct by examining how highly-religious individuals save income in comparison to the less religious. Humility and non-material satisfaction are often fundamental practices in the religious lifestyle, therefore consumption may be less among the religious. I examine where the savings difference is directed, and if savings accounts are larger among the religious due to decreased consumption. I find that while in most measures religious and non-religious individuals do not differ in their savings behavior, those religious in their youth are more likely to invest into homeownership.
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