Is This Dumb Spending?

Financial Advice - The industry views spending $28 on lunch for individuals earning $70,000 annually as financially imprudent [1] - The industry suggests considering the potential 8-10% annual return from investing that money over 50 years [1] - The industry advises young individuals to avoid wasteful spending habits [2] Consumer Behavior Analysis - The industry observes that individuals often wear only 20% of their wardrobe regularly [2] - The industry notes that 80% of clothing purchases are often underutilized or wasted [2]