There is a saying about slavery. People who are not well-to-do but continue to spend on luxury items, will end up being slave to comsumerism. If people are the wage-earner and do not own any income-generating assets, there is a danger that people will start to accumulate debts and eventually end up being bankrupt if he/she does not repay the credit card debt on time. I hear from some of these people that they barely had $5,000 in their savings after many years of working in the corporate world.
When people acquire a certain level of lifestyle over a long period of time, it will be difficult for him/her to break the habit. However, if one is willing and determined to change the habit, it is possible for him/her to change the habits. Time will tell whether the determination of one is able to change the habits.