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Interesting new explanation for declining savings rates: it's easier to see when your peers spend money than when they don't spend money. washingtonpost.com/us-policy/2019…
Social media plays a big role in this. From the paper: "a posting about a consumption event triggers a notification to friends; a non-posting about not engaging in a consumption event does not." washingtonpost.com/us-policy/2019…
Side note: The first sentences of economics papers, where the authors attempt to describe basic human behavior using the language of an alien observer peering at us through a cosmic microscope, are often the most fun. washingtonpost.com/us-policy/2019… 
Anyhow I hope my feed inspires you all to buy lizards and bugs
