Experts warn of financial risks as social media and bleak economic outlook drive young people’s spending habits
Bae Hyun-ji, a 31-year-old personal trainer and franchise investor, spends $2,000 a month to lease a car and makes monthly payments on a $4,000 designer bag.
But while Bae lives in a rented home and sometimes exhausts her income, she is not apologetic about her lavish lifestyle. Instead, she believes that society judges people through their material possessions.
Bae Hyun-ji, a 31-year-old personal trainer and franchise investor, spends $2,000 a month to lease a car and makes monthly payments on a $4,000 designer bag.
But while Bae lives in a rented home and sometimes exhausts her income, she is not apologetic about her lavish lifestyle. Instead, she believes that society judges people through their material possessions.
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