We grew up in northern Alberta, the heart of oil country in Canada. My brother drops out of high school and goes to work in the patch, because when Oil is booming, the money just rolls in, and an unskilled 16 y/o can easily make 40-60k or more with overtime. Despite that, living with our parents on and off, and increasing his income when he got his class 1 and started driving a picker, he spent everything he made. On a string of vehicles, vehicle modifications, speeding tickets, nights out, toys, whatever, who knows, he probably doesn't.
Now he's 22, oil is in a bust, he's laid off, working a lower wage job building houses (general labour, since no trade), and he doesn't really have anything to show for all that money. Yesterday he texted me about the new furniture him and GF got for their new place (renting from GF's fam) at 1/2 off, and on Kijiji. And I was like, that's great, keep doing that! But then, he says they need a new TV (Their's is 4 years old) and I asked why, but they "NEED" a TV for their bedroom, so they "HAVE" to find something on sale for around $1000, that's one of those smart TVs...
That being said, he's pretty hardworking, and actually quite good with cars. He fixes/adds/maintains everything himself, it's just frustrating watching him do nothing but consume.