We just visited my husband's family. I always thought his parents were pretty spendy because they usually pay minimum credit card payments, and every other loan payments. He has been graduated from college for 4.5 years, and they are still slowly working through
his student loans loans they took out to help pay for his schooling, in addition to him taking on loans himself. That isn't a strategic decision made due to a low interest rate or anything, that's just b/c they will never pay anything more than the minimum. Also, they couldn't find $350 for an emergency last year. Oy.
Well, DH's slightly more extended family win. One family has both parents not working, one due to chemo and the other due to a botched surgery ruining his/her ability to do their job. That's a sucky situation; they've barely been paying their bills since sick leave pay ran out earlier this year. However, in the guy's spare time, he's put in a new floor, table, bar, and wall covering in their downstairs. Even if he did 100% of the work and found the materials on sale, that's still got to be over $2,000. So they're struggling with monthly expenses, but had money to totally redo 1/3 of their house.