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About this quote

What does it mean?
People in debt often appear carefree and generous because they spend money they do not have, masking financial stress with apparent ease.
In plain terms
Those in debt seem happy and spend freely, but it hides their financial reality.
What can you take from it?
Appearances of wealth can be misleading if they are funded by debt.

Where it applies

  • judging others wealth
  • evaluating personal finance
  • social observation

Putting it to work

  • budgeting
  • financial literacy
  • consumer awareness

Questions to consider

  • Is financial freedom better than apparent wealth?
  • What drives impulsive spending?

Another view

Some people genuinely manage debt well without appearing stressed.

More from William Makepeace Thackeray

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  3. If a man's character is to be abused, say what you will, there's nobody like a relation to do the business.

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