The only 5 reasons why “poor” people splurge on luxury goods

Last Updated on 2016-05-19 , 1:54 pm

In Singapore, it’s very common to see a person who earns $1,500 a month carrying an LV bag or driving a Mercedes. It’s so common that we sometimes wonder what’s wrong with them, or whether they’ve got some rich sugar daddy or mummy.

But if you realize, many of these low-income earners tend to be the ones who buy and show off their branded stuff. Have you ever wondered why? Here’re the only five reasons, because there’re absolutely no other reason whatsoever.

Low self-esteem
They do not want others to see them as someone who is “poor”, so getting a branded bag or watch is a subtle way to say, “Hey, I’m actually rich.” Obviously this isn’t healthy, because it will lead to debts that will eventually break that person down—so if you’ve seen friends who do that, maybe you should really tell him or her that you don’t give a damn about whether he or she is rich or not.

An obsessive need to portray a certain status
If one has been portraying an image of a wealthy man, it’s incredibly difficult to move away from that status, because we Singaporeans care a lot about our “face”. This obsession could backfire as the image portrayed isn’t real, so he’s living in a make-believe world. And we all know living in a make-believe world isn’t healthy.

It’s a dream for him
Maybe he has been wanting to have that LV wallet for years, and getting that means he has fulfilled his dream. Unlike the previous two reasons, this is a good reason, as it will motivate him to have more dreams and finally push him out of poverty.

The desire to step into another class
if one is in the low-income or middle-income bracket, and “die die” want to be in the high-income class, he’ll just buy everything with his credit card just so to step into the class that he technically doesn’t belong. What he doesn’t realize is that class can’t be bought—it must be earned.

They’re not really poor
They just pretend to be poor, because sometimes, being rich means people would start to either borrow money from them or simply treat them differently. Either that, or they really have rich parents.