I was at the mall today and people still shove credit card applications to shoppers without a care if they can afford to pay or not. Gullible ones still sign up with the hope of getting free gifts and free spending.
Many young people are into this trend of living on credit. They don't think much of the future. They do not care about investment. Telling them to buy gold coins is futile because they just don't see how important and useful it is to do so.
I am glad that I have been prudent in spending during my younger days, never buying on credit and never spend more than I can earn.