Episode 33: The Language of Money
How we borrow money. How we save money. How we give money. It’s not all the same. Culture is the biggest influencer for us in how we perceive and interact with those golden coins and paper bills.
Immigrants have a unique relationship with money, especially if they are from collectivistic cultures. And often, western banking systems and societies misunderstand the ways in which the Global Majority views, uses and gives money. In this episode, Hostion and Andrea will unpack the similarities we universally experience with money while also amplifying the immense way cultural traditions and perspectives impact the way we use money here in Canada. What does money do for us universally and what do we do differently? You might be surprised.
Episode Sources
How Money Changes the Way We Think and Behave - Huffington Post
Culture and Savings: Why Do Asians Save More? - The Singapore Economic Review
Culture Affects How People Save Money - UCLA Anderson Review
Credit: Access and Availability in Canada Among Immigrants - Stats Canada
Are Canadians Spenders or Savers? - Finder
Quiz Sources
The Global Findex Database 2021 - The World Bank
Alberta Records Highest Inflation Rate in Canada for February - CTV News Calgary