I have been debating on this forum on this particular topic and most people got the question. The question I posted was" would you rather spend your money on material things like nice house,car,etc or,would you rather spend your money on vacations,eating out/having drinks,etc. Most of the people on there got it but one particular person has not gotten the concept,she believes you can do both.
Really both? Are you well-to-do?Living at home? Then ok,I can see the point there. But for the average Joe,some take priority of having a nice place to live and spend money towards that than to splurge on eating out at fancy restaurants 3-4 times a week. Some prefer to enjoy life more and are perfectly fine living in a shack and not drive a car.
I honestly think this girl still lives at home with her parents and don't know quite yet how it is to live in the real world.
It really is about where your priorities are in life. I also believe you can have a great blend of both lifestyles,as long as you don't go one extreme to another,unless you want to be among the millions that are in great credit card debt that can't seem to pay off their bills.
I think that this is the reason why the economy is in the state that it is right now-I am hearing countless stories of people that have not seemed to "learn their lesson" and continue to just not care.
I had an interesting conversation with someone the other day. She hails from a poor country and have always had a low standard of living. So when the economy went downhill in the US she pointed out that she was able to cope with it because she has been living this way for a long time out there. My husband says this to me also. People that have been put in this situation before tend to be more resilient than those that are not used to it.
Maybe this concept will now be coming to the US,we don't know for sure if the state of the economy is going to recover completely to where it was during the Clinton years. Perhaps people will start living like the people in France for instance,small housing establishments and taking public transportation,or just own one car instead of 4.