I completely agree with your comments about living our of their means. I also agree that this country is messed up that way. I am a teacher in a high school just outside of Chicago, and while 80% of my students are on free or reduced lunch, 100% of them own a cell phone (and about 80% are smartphones from my estimation). I find this to be both disturbing and indicative of our messed up system.
Anyway, I just didn't feel that flaunting the insignificance of x dollar amount was real classy. Maybe it was to make a larger point, to me it came off as very smug. I don't care how rich you are, saving $50 if the option is present should mean something to you, in my opinion.
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I also think its a sad state of affairs that parents are buying their kids smartphones. Its an unnecessary luxury kids do not need. Not to mention it also instigates bad behavior such as sexting.