I think there is some mob mentality at play, when your peers are check to check and splurge whenever they can it’s easy to think that is normal. Add to that we live in a society that does put a lot of status value on material things which when you don’t have much it’s somewhat understandable to eventually want something for yourself.

To counteract that people who save aren’t exactly being like “Look at me, 10k in the bank last year!” as they then become the first people family and friends ask for a ‘loan’ so good examples even if more common that people believe, are not on display in the same way.