I'd say yes, except I'm one that lives beyond my means most months, even though I'm not what I'd consider extravagant.

The thing I find most annoying is when someone has to buy the latest and greatest new thing when the previous version hasn't even become obsolete. You know, the "yes, I have a portable DVD player I just bought last month, and this new one is $600, but the screen is 1 mm bigger. Come on, I have to have it."