I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.
It is an indication that the people in your country have a good salary making them spend more as they are also earning more. It means that the economic status of your country is doing pretty well making the majority could buy what they want. It might they are spending it well or not but it was their choice to reward themselves in that way. Yes, can't deny that some young adults are not very particular about saving because what is their mind is to enjoy while still young and alive. They just only realize the importance of savings when they are old and incapable enough to work.