Stop Playing Rich

Spending above our means can be even more costly than we think. An economist explains why so many of us get into this trap.

When was the last time there was something you really wanted but it was not easily affordable? My guess is you do not have to think too hard or too far back. We all have desires for more and for the new, and those desires sometimes get us into financial turmoil. This is especially true in today’s age with the internet and social media. Marketers know exactly how to entice us to imagine a better life made possible through their products. Social media makes it easy for others to project the best versions of themselves for everyone else to see and envy.