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Agreed but from what I have seen and the people I know the pressure be it real or imagined of keeping up appearance is greater with higher income or higher status jobs. Its easier for a bus driver to have good money habits (ie save, invest and live humble) than a professional as the social...

Unfortunately for many the belief is "I earn a high income so therefore should drive this car, live in this suburb etc" The appearance of status is there to keep high income earners on the consumption treadmill.