All this stupidity only happen with urbanites and usually with those that have some disposable income and not enough brains.
You don't get this kind of free-wheeling if money was enough of a real concern that the basic necessities becomes the priority.
During my younger days, I never have enough cash on me to engage in such unnecessary wastage.
But it is the new minimum standard these days that every parent thinks their kid needs a smartphone, a laptop and a car while they are still schooling, otherwise their little precious won't be able to get by.
The whole perspective thing is pretty funny thing. I was on assignment in Myanmar last year and while on the way to a remote concession we were evaluating. We went through this populated kampung and saw plenty of country kids outdoors. They didn't have the nicest clothes or any toys but all them were actively engaged in outdoor activities, looked fit, and happy. My Chairman who made the field trip with me was typically astute. He said 2 sentences that summed it all up "Look at that. Not one fat kid."
Which is lot more than I can say for those fat overpampered little sh!ts I see all the time stuffing their faces with Big Macs in Malaysia.