Nothing’s ‘wrong’ with it but it does make it hard to empathise with someone who subjects themselves to that lifestyle then worries about being laid off.
From some people’s perspective a pricey depreciating car just represents a choice to shorten your runway if things go wrong.
Well, a few things. First, the premise that luxury items have more utility is one that doesn't always hold up (unless we count, as Veblen does, advertising a higher place in the social hierarchy through the things we own as a form of utility but I think this is dubious in a spiritual sense). Second, I think the joy of owning each individual fine item is lessened by buying many of them indiscriminately. Third, the financial stress I see this put on people -- difficulty, despite high income, paying basic bills or building any kind of savings -- cannot possibly be offset by that.
Nothing’s ‘wrong’ with it but it does make it hard to empathise with someone who subjects themselves to that lifestyle then worries about being laid off.
From some people’s perspective a pricey depreciating car just represents a choice to shorten your runway if things go wrong.