How the fuck are normies spending so much all the time?

Stop comparing yourself to others user. True inner peace lies with self-satisfaction.

because they're young and living life and don't give a fuck. Why pay off a house at 30, when you can pay a house off at 55 and have great memories of your youth?

that's the trade they make. fun times over financial freedom.

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You have 45k saved up which is easily 9 nice vacations anywhere in the world.

What are you complaining about? You don't pay rent and you live with your mommy and daddy so they make you tendies everyday.

>live a little while you’re young. vacations can be cheap. eating out is nothing. renting for yourself (single room) can be manageable.

I mean i have my own room in my house. Im saving up to buy a house outright cash in an auction to repair. (150 value house for 90k, 30k renovation = 20% discount). I personally stopped eating out because i started lifting and focusing on diet and eating out is just horrendous. i dont really have a dream destination. maybe when im married, but i wouldnt know what to do on vacation. sightseeing just isnt that fascinating to me.

I am only one year out of school. hopefully by net year i will have 100k+ saved up

you look so boring

how old are you to still live with your parents?

leave them alone

i had great memories in college. i dont see many of my coworkers making great memories. it seems like many just work and go home and are too tired to do anything else. all the materialism spending seems to be for show

23. i plan to buy a large house and have my parents live with me as well. i have supportive parents

If I can counter to this:

You're planning well with your money but don't neglect credit. It's free money for smart people and a life ruiner for dumb people.

If you have the cash to buy a house, buy it with a loan and quickly pay off the loan. You've already boosted your credit.

When you start getting bills, apply for a good cash back credit card and set it so all your bills get charged to it monthly, building up free cash back and also free credit because you will assuredly be paying it off in full before the month is over.

guarantee they drink, go out, needlessly spend, big dinners, "splurge" buys, the whole 9 yards. they don't care to better themselves because they like giving in to their vices

and honestly there's nothing wrong with that if they're okay paying a mortgage for 30 years. I've met plenty of couples that party constantly and will still have a home paid off in a reasonable time

it honestly comes down to 10 years of bills or 30 years of bills. a lot, and i mean a LOT of people choose 30+ years of bills rather than grinding it out in their 20's and 30's. cant blame them though, you're only young once.

>how are they affording this?
debt, up to their eyeballs, that they'll never pay off

The average American savings rate is 6%. 150 years without a land war and 90 years without an economic collapse does that to a people. Hard times are not in living societal memory, 4 generations have lived and died with a steady stream of jobs, promotions, personal credit, functional currency, working government services, etc etc. To the average American there appeared no reason to save, GDP will always go up and banks will always extend credit for impluse purchases forever, it's all they have ever known.

i had credit cards for a while. score is 800. 3 cards. credit line is $21,000. i never exceed $250 on all and pay it all off every month. i mainly just spent on gas and groceries and occasionaly eating out. last 2 months since i wfh, 0

isnt goberments just going to forgive the debt?

Havent you learn from covid? Enjoy things while you can/they allow you to. Shit’s is fucked at many levels and the future is dark. Most likely you will regret not enjoying life than wasting money.

Sometimes I wonder if they're the smart ones for living it up and being in debt while I'm paying every bill in full each month.

>Most likely you will regret not enjoying life than wasting money.

i dunno. i enjoy life. i dont think life experiences cost money for say. e.g. I enjoy hiking with friends and its free. I enjoy making muffins with my mom. celebrating the holidays with family and friends. all this is low cost to free. i guess i grew up poor and had a pretty happy childhood because i never really had interest in material goods. like why should i buy a new car or watch to show off?

>90 years without an economic collapse

for the top 10% maybe. pretty sure people were jumping off bridges in 2008. it's been a total nightmare shitshow for the bottom 50% for the last 20 years.

> have normie friends
> they go on vacation for roughly $4500 dollar per person
> they work at a super market

> be me
> work in IT
> my boomer IT boss also goes on vacation for $4500

The difference is that my boomer boss can afford it while my friends can't. However, they still do it.

I am also thinking now that being in debt is smarter than paying your bills.
If you for example consider the southern states in europe. They are always in debt. They don't work or pay their debt. They just lend more. In the end, the countries who save pay for them. It has always been like this

how
there has to be some trick
The fed is going to cause hyperinflation to bail out normies and kill our savings arent they?

youre right. companies racked up piled of debt only to get bailed out by corona.

same thing happened in 2008. we have bailout culture

I guess the trick is to surf on the wave. That means you have to invest in yourself so that 'economic status' rises.
If you have a higher education you'll always earn more. This has been constant no matter how much money is printed. Raise your status by getting a better education. If you can't have that, invest in assets like crypto or shiny boomer rocks since money is cheap and therefore without value.