I've observed a common trend among people around me prioritizing spending over saving. They often spend their income on immediate wants, like frequent cafe visits, leaving them with little to nothing for saving at the end of the month. This suggests that the issue might not be an inability to save, but rather a choice to prioritize immediate gratification. Unfortunately, this can sometimes lead to lifestyle-related debt.
Interesting, that's exactly what I recently observed in my environment. During Corona, many people saved money because many governments set up support programs and people couldn't spend their money. Now that the pandemic is over, people are craving life and consumption again and are spending even more than they did before corona. In addition, the economy is still stable in many countries, so many people feel they are financially secure. By the time the next major economic crisis hits, this will level out again and savings rates will rise again.
And this cycle would continue on which to those people who had been saving up whether they would really be still continuing into this kind of behavior whether there's a pandemic or not or would really be just making those acts on the time that crisis do happens? We do know on how savings do save up our asses on the time that problem do hits or to those emergencies on which this isnt really just that limited into this
situation but also in other aspects as well on which you would really be able to find out yourself having those kind of probabilities on trying out to solve out problems in connection to finances.
Problems would really be just that existing on the time that you would really be that confident with your paycheck on which you've been thinking that as long you do have that work then
you would be having a never ending source of income without even trying out to realize that the risks is still there yet you could be get fired or would be laid off or something that do talks
about simply losing your job. This is why that it would be best that you shouldnt really be that confident on things.