This is pretty true. I'm always watching my sister-in-law, who can barely make ends meet, buy stupid shit. Big TV, new furniture that she can barely get credit approval for, clothes that have brands and logos on them that are twice as expensive as plain clothes that are usually better quality.

A lot of it looks like compensation for being on the poverty line. Like her self-esteem can't take the hit of buying the sensible items that she needs so she can get ahead. Doesn't realize she's getting in her own way.

I think culturally we're taught to have nice things and that becomes the goal instead of acting sensibly and doing the right things. Would probably need a couple of generations of kids who value a healthy savings account and an on-track budget more than whatever shiny things they encounter in the media they consume. That's a tall order