Re: Well said
"A $10K Rolex on somebody under 40 means that daddy is/was rich."
Daddy was a blue collar factory worker (sheet metal), and I'm under 40. $10k is what in real money... about £6k. I can afford to go and buy the Rolex - the only reason I don't is my mrs bought me a different watch to celebrate something, and I've never really aspired to a collection of expenive watches.
Most people have a car, including the under 40s. For 6k you'd only get a Dacia Sandero in poverty spec. I'll hazard a wild guess the Rolex will outlast the Dacia. I see a lot of young people blowing £100 on drink and club entry every Friday, and there's nothing wrong with that, but those that want the Rolex could miss every other week and buy the watch after 2 years.
Maybe you should adjust your thinking a little to reflect real life?