Sure, and I generally avoid people who buy expensive things regularly because those things just don’t interest me. My in-laws are kind of like that, but they buy in cash instead of credit and avoid monthly charges, so they save up for whatever the expensive thing is.
I know a lot of people get into consumer debt, I just don’t interact personally with them. Most of the issues I see are overextension on very expensive, illiquid assets (car, house, time share, etc) and then a sudden financial change (job loss, hospital bills, etc) that causes things to spiral out of control instead of a steady squeeze from high interest.
I’m interested to know which perspective is more common.