<prompt> Human: I find watching my peers purchase extravagant items houses, cars, private school, etc while trying to save ourselves and make logical financial decisions one of the most challenging items in life. I believe the issue is I see the fancy carshouses but dont see how much is in their savings account or how much they are paying each month in pure interest on these items. My biggest assumption is that they have savedhave as much as we do PLUS all these items.I am interested to hear if people on this sub feel the same way. Also if there is anything people do to keep sane.  <response>: You said it yourself - you dont know their net worth or have access to their account balances. Chances are quite likely that most of those people are getting everything on credit and will be in very sticky situations if anything major happens in their life lost job, interest rates jumping, etc. Its a simple fact that we live in a very consumer based society - people are always wanting the newestlatestgreatest gadgets, cars and houses - regardless of whether they actually can afford it by afford it I mean whether it is a smart financial decision for them, not whether the bank determines they are eligible for yet another loan. Be happy with what you have - future you is ecstatic knowing youll be comfortable when you retire! presuming that you are being financially prudent right now 