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Generation Me has continued on a tradition where the majority have set out to buy the biggest and best things to show off to their neighbors and friends how successful and wealthy they believe they are The man in the commercial smiles as he describes his lifestyle a four bedroom house a new car even a riding lawn mower How does he do it Im in debt up to my eyeballs he says with a fake forced grinCampbell and Twenge 123 This is a great example of the reality that this kind of behavior is far too common in todays society Generation Me may seem to be fulfilling its dream by acquiring materialistic goods to display its fake wealth but in reality it is actually moving its members further away from financial freedom and true wealthThe financial problems that struck in the 2000s directly reflected a new trend where Americans were outspending their income Spending profusely can be traced back to everyone wanting to live a luxurious lifestyle Generation Me has kept up with this because they feel entitled to it even when they lack the real wealth to accommodate this goal In the early 1980s Americans saved about 12 of their earnings Now people under the age of 35 spend 16 more than they earnCampbell and Twenge 124 Many people are able to achieve this fake wealth by the eagerness of the banks to be greedy and to make a quick dollar Banks were giving credit lines to people without verification of their real income an applicant could put down an amount without it being verified This practice has since became less accepted as there were many applicants who wrote down amounts they thought they needed to tell the bank in order to secure a credit line large enough The behavior of those who have achieved financial freedom differs from those who are pretending to be wealthy An interview conducted with millionaires showed that
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