Yeah... money and income is not only the issue here, but security is. Case and point, for a fresh graduate who use public transport and share a room with a friend have disposable income of RM1500/month after all the expenses. If he spend all of his disposable income and none on security like saving/investment/insurance, he will be okay until something happens to him or his family.
Years ago, I felt sorry for them. Now, I would just educate them and then let them be. Too many times, I have met youngsters who bought high end phones and luxury bags when they are young. And when they meet incidents where they needed money, they would come borrow money from me.