Do we live in a consumer culture?

We totally live in a consumer culture which made by consume and debt. There are so many brands and products seducing us to purchase.

When we loan $1000 from bank at 5% interest rate, the result is the figure above. And if we deposit $85 monthly through a year. Our $1000 compound interest is about $27 as well.

This means if we advance comsumption for $1000 a year, our cost is $54 plus $200(Depreciation of goods 20% at least). Actually, we paid $1254 for $1000 products. And then we may add inflation, exchange rate losses, taxes etc. It is nearly 50% consumption cost for consumers.

Now think about your salary growth rate.

The result is we will live in consume and debt forever.