The Civil Rights Movement convinced scholars that some social movements do not result from a unification of psychological needs but need to be explained by a broader socio-economical perspective. In such an explanation, the needs of the individuals do not have to coincide with the needs of the group as a whole.
Extravagance or spending money without care, definitely leads to poverty. ... Resulting which the basic needs may be may not be fulfilled which may lead to poverty. Extravagance means spending more cash than one can afford or earns.