Considering that out of the ~8 billion population of earth majority of them are living paycheck to paycheck (specially in this recession+inflation infested world), they kinda have to spend their money as fast as they receive it because they've already stretched their last paycheck as far as they could have.
I am 100% agreed with your all views about current situation because currently I am living in country where 250 million peoples and mostly are living a life which are spending money fast because they are having no alternative and their lives are also not easy due to corrupt system and inflation.
Things are getting worst as flood and rains are having another disaster which are now annually agenda for these corrupt rulers those are now preparing for having their deep pockets going to be filled through funds which are coming in the name of aid life has never been easy in last few years but due to poor structure its having more problematic.
In my area many are living life they are bringing money after all day work and then have food for night so I can call this more than fast.