What's the point of saving money?
I've been meticulously saving and investing the money I make, watching my spending, and making sure that I live within my means. So of course it came as a shock to me that several of my friends, who were to me "living large" (buying luxury stuff, eating at the best restaurants, in general just throwing money around like nothing) admitted that they had several maxed out credit cards and were in debt, not including the fact that they still have to pay off their student loans.
But they all seemed to carry the attitude of "lets hope the government forgives these loans", and did not seem to have any sort of plan to clear this debt. The only plans they seem to be creating are when they are going to go to the next fancy rooftop bar. I mean....hearing all this, what is even the point of saving money?? It seems like so many Americans get away with recklessly spending and being in debt, and then they just die....and then what? Is the debt collector going to come knocking on their grave?
Interested in hearing your guys' thoughts on this, and if you also have seen similar (people spending recklessly, living way past their means, but not ashamed at all).