Youth wants everything since it's easily available.

Want big house, big car - salary just enough for installment.

Want buy stuff every sales - BNPL/credit cards, use first, free credits

PTPTN - don't need to pay, gov will waive one day

Oversea holidays every year - they went there, we also need to go there

I would argue it's both.

Last time before e-commerce become so prevalent, we don't swipe phone and add useless things to cart and wait for sales every month.

Of course, socmed pressure usually is more towards more high ticket items.