Depressed about being poor?

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As has been noted, the people in your school probably can't actually afford any of that stuff any more than you can, they just get themselves in debt in order to show off. Which is what caused the recession: borrowing money you ain't never gonna be able to pay back.

If you want to get some cool stuff (which is only natural, I don't care about designer clothes myself but I do like my gadgets), get out there and make some cash.