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Confusing Wealth with Lifestyle

January 23rd, 2007 at 03:58 am

An article on cnn.com reports that in UCLA's annual survey of college freshman 75% of those surveyed in 2006 thought it was essential or very important to be "very well-off financially.", compared with 62.5 percent who said the same in 1980 and only 42 percent in 1966. What I found most disturbing was that "wealth" was apparently seen as synonymous with the "trappings" of wealth. No wonder these people will leave college with student debt and immediately pile on more debt trying to acquire the "lifestyle of the rich and famous" before they actually have any net worth, let alone become wealthy.

4 Responses to “Confusing Wealth with Lifestyle”

  1. Broken Arrow Says:

    I fully agree!

  2. pjmama Says:

    Say it, hunnie! I see it all the time... it's pretty sad.

  3. fairy74 Says:

    A lot of this is how they are raised...it is sad and ultimately dissapointing when they wake up and smell the coffee! It seems like some kind of personal finance/budgeting class should be mandatory in high school and/or college to counteract the slick advertising Frown

  4. PatientSaver Says:

    I think we left idealism behind in the 60s.

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