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Insight of the Day: Why We’re Spending So Much Money

This article discusses how frictionless transactions contribute to increased consumer spending. It explains that the ease and convenience of making purchases through technologies like contactless payments and mobile wallets can lead people to spend more impulsively. The article also highlights the importance of understanding the psychological factors at play in consumer behavior, as well as the potential downsides of frictionless transactions, such as overspending and financial strain. Overall, the article emphasizes the need for consumers to be mindful of their spending habits and to use technology responsibly.

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