Tips From a Lending Expert – Necessity or Luxury – Has Conspicuous Consumption Become Commonplace in Your Life?

Bank of Montana | Jake PelczarKeeping up with the Joneses is something we may think of as a practice only celebrities and millionaires partake in. However, there is research stating that some things we used to think of as luxury items are now considered necessities in our daily lives. The following Investopedia article “Stop Keeping Up With The Joneses – They’re Broke” provides some insightful points to ponder as we run out to buy the latest Smartphone or surf through the hundreds of channels on our satellite TV.

http://www.investopedia.com/articles/pf/07/conspicuous_consumption.asp

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