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Some of them do some of them don't. However, I find it a bit hard to believe everybody's friends/majority of their friends are of the above. I go to a state school in a very urban and poor area, so I feel rather qualified to say that. And even those who do get educational loans, in which case they can pay back over x amount of years and are not nearly as thrifty. Even going to a state school with a high percentage of minorities and low income families, I see less than 1% of the people as you describe. Their parents help them out the majority of the time, and it is due to irresponsible spending that leads to that.
I come from a rather ghetto area and still do not experience that much, I'm very surprised if other people find it otherwise.
Edit: I do not mean to sound offensive in any way and realize I am fortunate enough to get help from my parents, but from my experience it was very rare for someone to have to pay for everything without any support at all. I take out a large amount in loans every year and the excess 2-3k me or my parents pay every semester. That is what I felt most people's situations were. Those who didn't have money are those who don't have a job, and thus have no money. Those who have a job usually have money.
You have to understand that alot of middle-class teenagers do not work full time. Instead, they get money from their parents to go to school, while they work like 20 hours a week. 20 x 10 = $200 a week...which is usually gone on one Saturday.
Teens simply do not save money