All? Definitely not. I’m a poor guy from a poor country with tiny income but I have no debts and even have some savings if the situation becomes even worse.

Priorities are important. Oh, and don’t buy useless stuff just for fun. And think while buying useful stuff: in most cases the cheapest thing won’t serve you long enough to justify its price.

Most Americans are in debt and living paycheck to paycheck, it’s nothing new and won’t change until people stop voting against their own interests.

Living expands until just beyond means, then stops. If means shrinks, like lets say someone placed massive tariffs on our main supplier of goods, then living shrinks to meet the means.