166 The Dodge Ram index (overconfidence leads to overspending)

March 2020 the entire country was in fear of not having a job with the outbreak of Covid-19 around the world. In the short space of 12-months to March 2021, the country has gone from "scarcity" mentality to an "abundance" mentality. One such area of expenditure that has increased is luxury cars. Michael and Dallas have observed the significant increase of Dodge Rams (amongst other luxury cars). What's telling about this is that Dodge only launched the Ram in recent years. At the start of 2020, not many Rams were on the road, now, it seems like 5% of vehicles on the road are Dodge Rams. With the average Superannuation balance per couple (age bracket 55-64) being <$600,000 is sinking $100,000 into a luxury vehicle a smart move? For all listener questions/feedback, please contact the team at podcast@mo50.com.au.