This is such an inversion, if we go along with this line of thought, does this mean that if you came across someone that had the Iphone 19 Max (one that was just released) you would rule them of as "well of" or even rich?
Back when I lived in London, I used to come across the above people, they were always broke, just one week away from missing rent but they had financed phones, financed cars, even financed veneers from Turkey. UK is well known for this "buy now, pay later" cancer.
I have had a "brick" phone for a long time now. It does the job, gives me my privacy, not to mention other things, such as the issue raised in this thread:
I have been living in this village for some time now, its mostly pensioners and retirees, they all look like what you might consider "broke" but they all own their properties and are well of. Since living amongst them, I have come to appreciate their way of life even more. I have given away much of my crap, its only made me more self-reliant, portable and focused.
Despite what you, my mother or sister may jokingly say, I assure you, me or these people here, we are not "depressed". If I was a betting man, I would pile up all my capital, and in one pitch, bet on Londoners being far more "depressed" than these villagers. By the way, I believe, depression to be empty shrink talk.
I spend my money on my family, and invest back home for my future children. Am not pinching pennies either, I just dont have a need to be spending all the time, the marketeers, the gurus and the yappies were so thorough with your lot, that you think anyone that does not marvel at shiny packaging is sick