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I don't think anyone who can afford $2500 clothes is poor.
by Gurkenmaster 11y ago
I don't think anyone who can afford $2500 clothes is poor.
- johnloeber 11y agoBut these people can't really afford these clothes. Note that buying $2500 clothes does not necessarily mean that one has $2500 in the bank: they can be bought using credit or as part of a set of large expenditures thanks to a paycheck. The system of credit in the US does allow people to live above their means -- for a while. In communities where status symbols like this are really important, people often put themselves in significant financial jeopardy to buy such items, even when they cannot really afford them.