In a recent article on BlackEnterprise.com, Alfred Edmond, Jr. wrote about how people hurt themselves financially just to give the appearance of wealth. Though the magazine addresses Black financial issues specifically, I think the advice in that article applies to all people who may struggle financially. He shows how people ring up their credit cards to look rich and live in luxury, while thus accumulating debt. Even if that doesn’t result in poverty for every person, it usually will result in a lot of financial struggling.
I think we need to find a way to get this message to the younger generations. High-schools need to include more financial classes, especially those high-schools in poorer areas. Students need to learn how to invest in their future, rather than just waste their money to temporarily look rich.