Nowadays, it is common to see young people waste their money on luxurious products, from designer clothing to the latest smartphone. Some people think that this trend reflects a wasteful attitude and misplaced priorities, others believe it is a reflection of personal choice and societal pressures. While this way of spending is not bad all the time, I largely agree that many young people today spend excessively on non-essential luxury goods, often driven by social media influence and lacking financial literacy.