"A lot" is subjective but let's flush that out. Sure, to your point some parents do put their children into a position to win. However, there are far more parents who do not, unfortunately and we see the results in our community. This argument that parents are teaching kids how to value holding on to money yet we don't listen is silly because majority of every other group is instilling those values and yet we don't see majority of other groups in debt like us. So even if parents are doing this, there's a gap in our community. Collectively we don't move in a uniform manner so the few parents who do this, are drops in the bucket...
People keep harping on people buying frivolous stuff but traveling isn't always frivolous. Enjoying life experiences and seeing the world lasts far longer than a pair of shoes. But still, I'm not going to tell the next man how to spend his money.
What I am pointing out is this notion in our community that unless you're working like a racehorse and saving, saving, saving, you're not doing enough.
If a breh is saving for a down payment on a house (cutting back on entertainment etc) what does he do when he gets a flat tire or any other unexpected expense? He digs into it because most people are not making enough to have liquid cash on hand ti handle unexpected expenses. All the money you save eventually gets spent. People with more wealth get to live off the interest while others pull from the principle. I strongly dislike putting out the narrative that suggests saving as this God-like power. There's a balance to everything in life.
