Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
One of my friend has a Ford. He says its cheaper than Mercedes, it gives better mileage than Mercedes, it has Automatic Parking System that Mercedes ain't got, it has thousand other things that Mercedes won't ever have.
They say people with very little are the most humble, so I'm not surprised at all by this finding
That's not really a valid comparison - you're comparing a simple matter to something that isn't so simple. With the more expensive bread you might be getting better return on the money. With the iPhone you're not. An Android phone worth 2/3 of an iPhone may not have as nice a user interface or be very simple to use, but the extra money spent is not worth it to someone who is technically savvy and will have no problem learning Android. Once you get past that user interface or simplicity, there is no advantage to having an iPhone. In fact some Android phones come with better features, such as fully charging your phone in 45 mins, etc.
These simply analogies don't really capture the essence of why people moderate their spending even they are financially well off. Another example I've heard of is getting a big house -- why not get a small house instead. To which I say, it's worth spending money on the house because you're actually getting something in return with the bigger house. More space, more rooms targeted for certain activities, etc. The same can't be said about, for example, a luxury car which gives nothing beyond a fully loaded Ford or Toyota.
It's all relative. Whether you spend $2 vs $4 on bread, $20 vs $40 on sneakers, or $500 vs $1000 on a tv.
You could argue it is nonsensical to buy Adidas sneakers when a competitor sells one just as nice for half price.
Some people like Adidas...maybe for showoff reasons...maybe because they like them.