What is one danger to keeping up with the joneses?

One danger of keeping up with the Joneses is that it can lead to financial struggles and debt. Trying to maintain a similar lifestyle and material possessions as those around you often requires spending beyond one's means, and can lead to credit card debt, loans, and financial stress. It can also lead to a lack of savings and inadequate retirement planning. Furthermore, constantly comparing oneself to others can lead to feelings of inadequacy, low self-esteem, and unhealthy competition.