You're partly wrong. There's people on here 25+ years old who have figuratively thrown money at their screen because they're too -blam!-ing dumb to realize just what their purchases of microtransactions are doing.
"I earn my money, I can spend it on what I want". That's their defense statement for allowing companies to push more cash-grabbing schemes.
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I agree. It's not all the kids, but they are mostly people that are uneducated as to what they are doing to gaming overall.