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this post was submitted on 04 Nov 2023
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"Being rich" is idealised by Americans, their culture is baked in it. The Kardashians, every YouTuber flaunting their exhaustive fortunes, people showing off wads of cash on Snapchat/Instagram. The whole bit about having an android phone being a turn off, which seems to be almost entirely isolated to Americans. If I had to guess, I'd say it stems from African Americans requiring money to "escape the hood", and that culture permeating to other ethnicities (likely via music). If my theory is correct, then it would follow that people might go to greater levels to attain wealth in a culture that idealises it so heavily. Did that explain my viewpoint?
I'm not going to write a paper because it's 0100 my time and I mean this politely. You are wrong. What you're seeing is the veneer presented to the world by Hollywood and Social Media. American youth are actually turning their backs on traditional status symbols like cars.
The success of this veneer is indicative of my point. You can't hand wave social media away, this upcoming generation is deeply involved in it. The success of these trends means they're being actively consumed. There are loads of studies suggesting youth develop mental health disorders as a direct result of seeing (often financial) success amongst peers on social media. I did posit that my point was fairly speculative, but at least I cited commonplace social trends bolstering my point. You've just said "no, not true".
Yeah sorry about that it really was one in the morning. So I wasn't going to write much more than that. You're not wrong that Social Media can be damaging to mental health in kids more vulnerable to peer pressure. But once kids are at the age where they're turning into adults we're seeing far less consumption of fashion and luxuries. That is a combination of the cost of living crisis and some x factor we haven't figured out yet. But they are driving less, drinking less, having less sex, buying less fashion, less jewelry, less services, etc.
Every economic indicator is a drop in demand. And studies like the iPhone/Android one forgo looking at any actual cause, leaving people to believe whatever they want. Like the fact that Apple restricts the features available in a chat with non Apple devices. So now the entire Internet is blaming a subset of teenagers for Apple's anti competitive behavior.