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Gut gezukt

You agree?

I agree that those are two contributing factors. I wouldn't say they are the primary factors, but they are certainly big factors.

I don't have enough data but what I see is fancier cars, bigger simchas, and a general rise in opulence in the last few years.

I definitely see a lot of that to, but I think there are a lot more poor people poor for bad decisions than rich looking people that are poor bc of bad decisions. But I can't prove that theory... Yet.

I agree

Maybe a hot take but... Someone with a new worth of 50k convinced that they need to pay 30k at least for their side for their child's wedding.

ouch

Ouch for the person or for the hot take?

the person

What about all the people not working in the real estate market and still suffering? Active investing for a living is probably wrong regardless the assets and classes, those who invested passively for the long term and are suffering now with their monthly budget, it has nothing to do with the status of their portfolios. I think the answer is not so complicated. Most Frum people live in hell expensive areas, have big families, have hell expensive live styles due to childcare, kosher food, religious expenses, and weddings, bar mitzvahs, e.t.c. Jive have a look what a father of 8 kids spends weekly for eggs these days

Agreed. Two factors, but not necessarily primary factors

But @mysterious-tomato-10057 you are definitely right that a LOT of people are making poor decisions financially, and were able to avoid if educated properly.