Sure but there seems to be a crossover amongst some people I know who then say they can’t afford to get a house of their own or can’t afford other essentials in life. My daughters ex-boyfriend was always changing cars but then when they split up she had debt collectors showing up at her door (house has always been hers alone) looking for him.
I’m currently planning for when I need to change cars. I’ve been very lucky with my current one that was a gift from a former boss (well, I sacrificed a couple of annual bonuses) when I joined his new company as he couldn’t provide a company car. It’s done me well, I’ve had it 9 years and wracked up 150,000 miles on it - it’s now getting close to quarter of a million on the clock - but it isn’t going to go on for ever. I’m torn between trying to get my current company to sign up to a green car salary sacrifice scheme or buying a fairly low mileage car less than 3 years old. In both cases the cost is quite scary despite me earning well above average and not having an extravagant lifestyle so I’m genuinely perplexed how some people I know afford what they have (even more so those who have kids in private education having recently attended an event at a very minor league private school and seen their fees!).
Clearly, I probably do not know YOUR friends and acquaintances, but, in my 78 years, I have concluded that looking at other peoples finances, from the outside, and/or listening to other peoples "I cant afford x, y, or z" is not productive.
I have four daughters, one is a significant earner, similarly, he husband. One is single and earns NMW. The other two (both with partners) have more "medium" earnings (ie a teacher and a Nurse). Superficially, you would be hard pressed to guess which one is the high earner. Quite what daughter No3 and her husband DO with their money, is a mystery, but, they seem to have remarkaly little to show for it.
I also have two sons, one of whom earns even more than the well paid daughter No3 and husband, combined. He is paying school fees for one child, but, other than that, I struggle to understand where the cash goes.
Daughter No4, (NMW) has three foreign holidays booked for this year, indulges in expensive "beauty treatments" (eg £200+ for her eyebrows). Every outing requires a new outfit, her wardrobe is positively bulging at the seams.
Finally, I personally will often use the phrase, "I can't afford that", what I really mean is, "I choose not to spend my money that way".
As I say, other people's finances are a mystery, my advice is, concentrate on your own and ignore what other people are doing.