3 ms·
> I don't understand the compulsion to spend all of what you make every month, and sometimes more, either. It's a faux 'status symbol' thing. The idiom is "Ke
by pwg 2y ago
> I don't understand the compulsion to spend all of what you make every month, and sometimes more, either.
It's a faux 'status symbol' thing. The idiom is "Keeping up with the Joneses" (https://en.wikipedia.org/wiki/Keeping_up_with_the_Joneses https://en.wikipedia.org/wiki/Keeping_up_with_the_Joneses) and it is a self inflicted syndrome.
- kevin_thibedeau 2y agoA large portion of the population has poor impulse control. Many of them see nothing wrong with spending large portions of their income on discretionary expenses even when cheaper alternatives are available.