> I don't understand the compulsion to spend all of what you make every month, a... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		pwg 11 months ago \| parent \| context \| favorite \| on: Money lessons without money: The financial literac... > I don't understand the compulsion to spend all of what you make every month, and sometimes more, either. It's a faux 'status symbol' thing. The idiom is "Keeping up with the Joneses" (https://en.wikipedia.org/wiki/Keeping_up_with_the_Joneses) and it is a self inflicted syndrome.

kevin_thibedeau 11 months ago [–]

A large portion of the population has poor impulse control. Many of them see nothing wrong with spending large portions of their income on discretionary expenses even when cheaper alternatives are available.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact