This paper analyzes spending and saving behavior among students of various class years, ethnicities, and gender at Skidmore College using data collected from an original survey. The models incorporate both demographic characteristics as well as pertinent economic theory. Results indicate that Whites and Asians spend significantly more than other ethnicities while Blacks save significantly more. Findings also provide support for the Permanent Income Hypothesis, however, no significance was found regarding Hyperbolic Discounting.
