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The Mexican Revelry Spirit: A Study on Household Spending Behavior Linked to Festivities
[journal article]
Abstract The objective of this article is to study the impact of the cultural deep-rooted fondness in Mexico for festivities and celebrations on household spending behavior. Using an interdisciplinary approach, this work analyzes official records of expenditure related to festivities in Mexico. The study fin... view more
The objective of this article is to study the impact of the cultural deep-rooted fondness in Mexico for festivities and celebrations on household spending behavior. Using an interdisciplinary approach, this work analyzes official records of expenditure related to festivities in Mexico. The study finds evidence of an abundant allocation of family economic resources to events such as family parties, festivals, parades, and civic and religious ceremonies. Some of the celebrations are held regularly, whereas others take place on special occasions in individuals’ lives. In either case, the result is a significant flow of spending to finance the appetite for revelry. This work concludes that, as a result of cultural factors, Mexican people are used to holding celebrations quite frequently. Those celebrations often involve conspicuous spending. Both the frequency and the ostentatious spending impact negatively on family finances for urban and rural households, the latter bearing the brunt of the burden because their average income is lower than that of the former.... view less
Keywords
festival; Latin America; household income; consumption behavior; customs; Mexico
Classification
Sociology of Economics
Free Keywords
Mexican Culture; Community Customs; Consumption for Festivities; Cultural Economics; Household Spending Behavior; Family Finances
Document language
English
Publication Year
2022
Page/Pages
p. 1-15
Journal
The International Journal of Interdisciplinary Social and Community Studies, 17 (2022) 2
ISSN
2324-7584
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0