This is so true. I notice it a lot in the Black community. But I think a lot of it has to do w/ the fact that we come from a recent history in which we were not allowed to have nice things. We were told that we had to work our whole lives for someone else's pleasure (slave master). The centuries of watching "them" "floss" while we couldn't had to have mad an impression. Now I think that has manifested into some horrific behavior that is being passed on from generation to generation. Not to mention the fact that we live in such a "consumption" society!
When I was in undergrad (only 7 short months ago
) we had this main street that went through campus. Now I went to a school of 42,000 undergrads, and less than 2,000 were Black. But, watching the Black students was like watching a fashion show!!! I go back now, and can't believe I participated in this "Walk of Fame" as I now call it.
I'm glad I got into the investing thing early though. And believe me, the outlets and stores like TJ Maxx have become some very close friends of mine!
