I work around a lot of higher earners and most of them blow money on stupid stuff like they don't have a worry in the world. The problem is that most of it is on debt, so it isn't apparent just how deep the shit is from the surface.

I know people who spend 20k (debt) on an ATV and trailer yet have 1k in the bank for emergencies. And that doesn't count the cars/trucks/house/etc. I agree that there are many problems with income and inflation, but some people also have a debt problem.