I think it kind of depends. If people have suffered or watched their parents go through hard financial times, then they will also think more carefully about buying stuff. Obviously, it doesn't apply to everyone and financial education is severely lacking in society right now. So I think it would be hard to change people's habits without teaching them financial education.
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Financial education is lacking like you've said, nevertheless, I think one's previous experiences towards loss or gains can tailor them to spending rightly or wrongly. There are probably different angles to look at this. Thanks for coming through
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