Many influencers who don’t have credit lines with the ‘bank of mom and dad’ are embracing a ‘do whatever it takes’ altitude to live in the city and capture those TikTok-worthy moments. However, you won’t ever see their struggles in their videos – just a life of fake luxury.

“I worked so hard to get here, I didn’t want to compromise on the life I wanted to live,” said Phillips. She explained, “The cost of living here is an investment in myself. It sounds crazy to justify $25 cocktails, but being here opens doors for my career. That’s worth the costs.”

What this all suggests is that universities and colleges are failing to teach basic financial literacy to the younger generation, who blow all their money on maintaining some fake luxurious lifestyle on social media while, in real life, they struggle to make ends meet.