Why India's YOUTH is getting dumb(er) with MONEY?

Most ain't earning as much as they spend. They're either feeding on parents pension or farms/property and 18-25k bpo 

Expense became higher than income

Wanna show off in Instagram and other social media site . Recent example from my own relatives,  one relative earning quite good have purchased a car and posted it in some social media site , next week other relative query about the rate of the car and purchased car which is slightly expensive than it but on "loan" . And fast forward to now within few months they not using car bcz of petrol price while paying emi.  Dumb , ego,  show off on social sites making them poor indirectly. 

So more far from you are from reality more poor you gonna become.

The irony is that this YouTube video is from the same FinFluencer who promoted a shady crypto platform (Vauld) which then went kaput resulting in massive losses to his followers. Who's the dumb youth now ?

Coz we get our finance tips from Instagram now

I don't understand the logic behind people sharing YouTube videos in this forum.

This is the same guy that argues on Twitter that having 1L/month is not enough and that buying a house is a terrible investment

Financial Influncer oh the irony.