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Why do broke people have all the latest gadgets?

Asked by Charles (4823points) April 12th, 2012

Maybe I’m the only one noticing this, but several friends and people I know have an Apple iPhone 4s, the latest iPad 3, every video game system, every new blu-ray DVD, but they don’t hold a job or at least doing minimum wage, living on credit cards, don’t own a home and have absolutely no savings. Do people simply give up at a certain point and basically say “screw it” and live day to day? Do you know anyone else like this?

One half of every household has at least one apple product.

Between ages 18–43 ,63% own an apple product.

That means more people own apple products then even have enough income to pay income taxes on.

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