Serious question how do people have money for all the things they own? They travel multiple times a year and do trips all the time, they eat out all the time, they own houses or at least flats, they have cars and pay for everything that comes with it, they have expensive clothes etc.
I don't understand this how can they pay for all of this? I make around 3k a month and I can only save up around 1000-1500 per month after all my fix cost and I don't even own a car and use public transport and I pay rent for a 2 room flat. My pay is a bit above average for my country.

>>81888245 (OP)
I simply assume that people go into debt up to their eyeballs. I have a quarter-million dollar loan just to live in a small house.

>>81888245 (OP)
You want the real answer? They get money from their parents.

>>81888277
Eh? These parents?

>>81888245 (OP)
boomers have all the money, so if you have boomer parents or grandparents then you are rich. there's a reason why the only people struggling in the modern world are kids of single moms.

>>81888276
They can't all be in insane debt I don't believe that. Taking a debt for a house is normal, you don't pay rent instead you pay the debt. Also I earn euro I forgot to wrote that.
>>81888277
Probably, my parents are poor and I even had to pay for them for things, they never gave me anything or helped me financially. Like I paid for everything I own myself.

>>81888296
My parents transferred a home to me and still give me money every month and I'm 30, several of my friends are also like this. We work 9/5 jobs.

>>81888296
>one photo of one lady
Wow so damning

>>81888328
Just remember to be like your parents.

>>81888352
Of course, this is how you actually build generational wealth.

>>81888328
Wow that is insane some people really are fucking privileged.

>>81888403
If you want this future for your children and grandchildren, don't kick them out at 18, invest in index funds as much as possible. Obviously having some high income career would be good.

>>81888245 (OP)
Honestly not sure. Maybe you live in a higher income/more well off area. I do and I'm not wealthy, but I definitely see a lot of people who are wealthy or at least appear to be, around me. People owning houses (or at least having a mortgage), having cars (or at least a car payment). Sure some of that IS debt because some of them used a loan, but they still had to do down payments and qualify for the loans in the first place, so they're clearly not struggling that much.

I would assume with a 6 figure income most of that is fairly easily achievable in a few years, especially if you have a gf/wife who contributes to the household, as living with other working people lowers costs generally speaking, for example marriage often has tax benefits when filing together. Single people and especially single people who live alone end up paying more.

Depending where you live, earning 3000 a month and saving 1000 to 1500 a month is actually really good. The median American only saves 250 a month which is a paltry amount compared to you. You probably have very good spending/saving habits. Many people are also really bad with credit card debt and pay iver time programs on personal purchases, so if you don't have those, that's yet another positive.

>>81888277
>>81888317
That's true for some people but certainly not representative of the majority by any margin. I think social media skews this by always showing people on vacation or getting new stuff or eating at an expensive place, because that is content that a lot of people post. The average down on their luck wagie isn't posting their ramen noodle bowl on social media despite them being a huge chunk of the populace.

>>81888403
>some
Everyone I know has parents who weren't retarded. The only exception to the rule is new immigrant families, but they will be fine in 1-2 generations as well and they know the sacrifice they have to make.

>>81888440
social media might highlight certain things that are not normal for everyone, but if we're talking about frequent travel, owning homes or living in luxury apartments, owning nice cars and luxury clothes, filling up bars and sports venues and concerts and massive festivals, there are plenty of statistics on this stuff. while it's not financially a good long term strategy for kids to be spending so much of their parents money just on consumption and fleeting experiences, almost everyone has money to spend.

>>81888245 (OP)
>>81888276
My parents told me that most of the time, people just use credit cards and go further into debt they'll likely never pay back. That is, of course, unless they're actually rich (making six figures).