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Social validation of being rich

Its the YOLO (You only live once) culture. The Millenials and Boomers used to save for their coming generations and the Gen Z want to spend the money on themselves and live a life as per their choice and social media. For the economy, its the best thing to happen since the consumtion and market flow will increase however for the individual side this could lead us into a debt trap just like in America.

If you buy items just to show off and seek validation from other people. I swear you could never be happy. Act like you're the king or act like you don't care who the king is. Don't seek validation from others.

Well this generation has been so much messed up where we aren't in a position to change it! Definitely there are some sustainable things which can change the current scenario.

We are into the extent of capitalism. The basic rule is poor people will become poorer, and the rich will become richer. Indian economy is also embracing consumerism. Until in school Level we start to learn about money management and the beauty of investing, we will face these issues. Gen Z will keep on showing off the assests that are financed through loans.

Genz is already dangerously in debt also soo it Kind of matches with the fact

Because these are the ones who buys and would buy clothes the most