Personally, my own answer is there is no income bracket to buy designer clothing and all that. Why would one want to? Low self-esteem and wants everyone to see

Personally, my own answer is there is no income bracket to buy designer clothing and all that. Why would one want to? Low self-esteem and wants everyone to see that they have money? This is the problem for many people - called lifestyle creep. People buy more and more junk - crap - as they make more money. If I won the lottery for $1 billion, I'd keep driving my 10-year-old Honda Civic. Why would I need a Ferrari? They both go the exact same speed - 25 miles per hour in the suburban streets, 65 miles per hour (or whatever local speed limit is) on the freeway. People give dumb excuses like "It's a wonderfully engineered car." Uh-huh. Right. Short-something syndrome. Warren Buffett, buys a USA made Cadillac and doesn't trade it in every 2 years - his daughter just takes it after 10 years and buys him a new one because he won't. Lived in the same house all his life, doesn't need a $150 million home with high-end architects and designer furniture. We all read about the professional athletes and lottery winners who go broke bing-bang-boom, despite earning $50 million or $100 million. All have one sentence in common - "I deserve it" and just buy anything they want. That's the most toxic sentence there is in all of humanity as far as wealth accumulation goes. One should never go get designer clothes, never get all that fancy pants stuff. Maybe if someone is in a business that requires it, like an attorney for high-end clients, then yes. Otherwise - no. You can have someone get rich off of $80K per year, and someone continually going broke earning $500,000 per year. Johnny Depp has earned $750 million and almost went broke. Mike Tyson won $350 million and declared bankruptcy. Nicholas Cage almost went broke buying stuff like dinosaur skeletons. One always has to keep a tight lid on spending. Don't buy to impress others, and that means don't say that you are not buying to impress others, when you actually, in fact, are. Some will say, "What's the point if you don't enjoy?" Well, that is the fast track to bankruptcy for many. The point is that you can start a lot of non-profits to help other less fortunate. The point is to help society, not to indulge stupid passions, if one wants to spend it. Do a wiki lookup on Chuck Feeney. THAT'S what you do with your money. I read a story once about a woman who had so much money that she bought a $300,000 purse. That would have housed a family. And she spent it on a purse. How gross, how vain, how disgusting, how low-rent. And I read on a few sentences and read that she had bought a total of 10 of the purses so she could have the entire collection. That's a long answer to your question.