I haven't bought a car or a house because I have better things to spend my money on. Actually, I'd wager that there are a lot more money sinks now than in the

I haven't bought a car or a house because I have better things to spend my money on. Actually, I'd wager that there are a lot more money sinks now than in the 60s and early 70s when my parents were young. My parents had no personal computers, very little in the way of consumer electronics, no video games, no purchasable TV shows or movies, no massive ETEWAF collections of media. They had a TV, a stereo system, a bookshelf, and a record collection. While the latter two could grow, a good TV or stereo system would last you a very long time. There was little consumer-facing technological advancement, so there was no pressure to replace your electronics every two years like exists now. We don't buy houses or cars because we're a bunch of gadget geeks.