[Lisa22772]

I am from a working-class neighborhood in England and noticed that only a few of the people I grew up with got into extreme debt and live beyond their means. However, while living in the United States, I noticed this all the time. People making less than $10,000 a year would be wearing $300 pair of shoes, $200 handbags, driving $40,000 cars – and yet have no savings and no investments. It seems as though their status comes from what they possess rather than what they are (i.e. educated, etc). I’ve known many people in the United States who claim not to be able to afford an education and yet squander $200 per week on clothes.

I guess it’s a matter of priority, and often needs that are met immediately take priority over those procured over time. I can understand, too, the comfort that comes from having nice stuff, especially when you live in a crappy neighborhood and earn very little – kind of like a temporary high that unfortunately fails to address the real underlying, long-term problem.

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Name : Lisa22772, Gender : F, City : London, State : NA, Country : United Kingdom, 

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