[dlisboa]

Obviously not a macroeconomic analysis but if you watch YouTube channels like Caleb Hammer it seems people are literally spending their life away. No planning, no asset building, just hedonistic stuff. The kind of people you see there have the mentality of: "I'll never pay this debt down anyway so I'll max out my loans to do what I want before I die". Not very optimistic, even if it inflates the consumer market.

[pibaker]

I don't think you can draw any conclusion about the economic health of the entire population from a small number of cherry-picked cases so egregious that a YouTuber deemed entertaining enough to turn them into monetized videos.

I can tell you about the people around me making below median income and still raising families, but it would not be interesting enough for YouTube.

[tencentshill]

Youtube is entertainment designed to get clicks, and the algorithm enhances biases. Fox news hosts would likely be youtubers if they started their careers today.

[xnx]

The rich cheat taxes with "Buy, Borrow, Die". It's only fair the poor should have their own strategy.

[mullingitover]

I hope that when I die, people say about me, 'Boy, that guy sure owed me a lot of money.'

- Jack Handey

[dlisboa]

A great example of what seems to be the current ethos for the generation (I realize Handey isn't of this generation). Very much "nothing matters as we'll all die anyway, who cares about what comes after". I don't fault the sentiment, to be clear, it's just an indication of the socio-economic situation that fostered it.