Debt Trap

I think it’s becoming more common for people in my age group to impulsively pay a premium for consumer goods  because they think they’re strained for time and deserve a treat.  I’ve heard it more this year than in previous years, and I am concerned that Millennials aren’t budgeting correctly and will always be short on cash and living on credit cards.
– I wonder what happened to make them think that ‘a frivolous treat’ is something they not only deserve, but have the resources to give to themselves.     ‘Treat Yourself’, is the slogan of a consumeristic society with poor budgeting skills.

Americans have the high-stress levels.  It has something to do with the pressure we feel in daily life, our long work hours, financial insecurity, and poor diet. This stress is said to be the reason Americans have such poor health, high obesity rates, and low willpower. Another side effect  of this stressful life, is that we shop impulsively  for high priced goods to make ourselves feel better. Instead of taking a day off, we’ll buy a pricey toy, Instead of quality time with each other, we’ll do small spurts of luxurious activities.
In a way, this substitution of money-for-time is the best we can hope for in a society that won’t let us stop working.

America has a huge poverty class. But you wouldn’t really know it from looking at the way individuals choose to spend money. The societal trend is to maintain appearances. The motivation is to appear like you’re easily handling being ‘busy’. Everyone is stressed out, everyone works long hours and rarely takes vacations, but splurging on the occasional expensive luxury plays into the illusion that you’re doing okay.

I had a friend who would depress herself by declaring her dire financial situation, against all reason, she would then go treat herself with a $200 hair-cut to cheer herself up. She had a nice car and an expensive apartment, and she would not consider trading them in for cheaper options, even though she had No money saved. All for the sake of appearances.
I have a dozen friends with similar habits. Reasonably employed, but not saving money, and living paycheck to paycheck; yet still spending money on unnecessary luxury goods. Living in the moment. Keeping up appearances. Failing to plan for future expenses.
 – Has our society accepted being chronically in-debt as normal?
Have credit cards lured us into a false sense of financial security?
And enabled us to keep spending beyond our means?
Have they tricked us out of a nest-egg savings?

– Is the new ideology : ‘you don’t need savings, you have credit’..?
A consumeristic society is superficial, and puts high value on acquiring material possessions. Meaning that what you own determines your perceived worth.  A vagrant with 2dollars is worth little, but a CEO 2million in-debt is worth more.
At what lengths will we stretch ourselves to inflate our social standing?
Having debt keeps us working tirelessly. We need to make more money, to pay down the debt and afford more goods, so the cycle continues. Society won’t let us stop working, so yet again, we must substitute money-for-time. Long hours, no vacations, and the occasional luxury purchase to keep us looking well.    –  It’s a debt trap.


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