The mentality for a lot of people these days is to live it up today and enjoy yourself because you never know what the future has in store for you. So they spend their money like there is no tomorrow, the rationale being tomorrow may never eventuate so live life to the fullest today.
The problem is that for the majority of these people tomorrow does eventuate and because they have always lived the good life they find themselves in difficult times. They are now pensioners with nothing to show for themselves except pleasant memories. Unfortunately these memories do not help to pay for the rent, put food on the table or even pay the utilities. How often do you hear of the aged who died in their home because they could not afford to run the electricity, or how once they have paid the rent there just isn’t enough left to get by on.
Instead I urge people to not only enjoy themselves but to make sure they put something aside for when you retire. Don’t just rely on the pension because there may not be a pension in the future. If the choice between an expensive holiday or a deposit on a house get the house. There are so many choices that come in life that will affect your life in the future and one should always plan for the future.