This trend has been increasing for some years.
Many people I know seniors cannot make the distinction between NEEDS and WANTS.
They may need a car but not a lexus or mercedes.
They may need a home but not a 4k rancher

It is interesting watching my friends downsize, buy either a townhouse or detached home that they really really like then spend thousands and thousands in renovations.   Some have the money and others borrow.

Terrible to watch seniors taking mortgages at 60 on top of their consumer debt.    

They then through their actions teach the kids the same stinking thinking.   Watching the kids with all of their electronic gadgets costing hundreds a month when all they need is a phone.

With the carbon and increasing taxes coming and we are told here that our property taxes will increase this year between 40 and 50% it will exacerbate an already bad situation.   I fear our Gov. in Ottawa and Provinces are setting a bad example which is only going to get worse.