Two economic factors that affect financial decisions.
Financial class and or social class. This includes household income and overall assets. This can determine what a person is able to purchase and often dictates how that individual utilizes their funds. Class: A person's economic position in a society. Different classes include: poor, lower-middle class, middle class, upper-middle class and wealthy.
Another economic factor can be geographic location. Many different countries and areas are beholden to different levels of taxes and income for jobs. For example, a mansion in LA can be upwards of 5 million dollars, while the same square footage mansion in South Africa is closer to $500,000. But, the average income in LA is much greater than that in Ghana. Ghana = $950 a year while LA = $30,225