Yes, I agree with this because in my environment this is a reality, many young people in my environment are forcing themselves to be stylish, by buying high-value branded goods, which perhaps is a requirement of today where we have branded goods and high value is a sign that we are rich, but we don't know exactly how many young people are like that and what you say is true, even though it's not that important to them, but maybe it's because of prestige that drives them to buy branded and high-value goods. .
Social media and instant life have influenced young people today. The existence of social media and the feeling of wanting to be recognized makes people willing to throw away their money just to fulfill their desires, not their needs. I don't have a problem if someone wants to buy branded goods. Provided that he already has financial freedom. But what most people experience is that they spend their paychecks just to be looked up to by others for having branded goods. This is a very bad lifestyle for the younger generation to have.
indeed It would be better for us to have a way of managing our finances that is truly appropriate to what we need and not spend the income we have on things we don't need.
One of the most important attitudes for someone who wants to achieve financial freedom is the ability to postpone the desire to buy something. A famous study was conducted known as the
Stanford Marshmallow experiment. Where the attitude of delaying getting rewards will enable someone to be financially successful in the future. This is the same as those of us who invest in crypto where there are people who can't wait to get rewards and there are long-term holders who collect coins little by little and set good selling targets in the future.