It's an extremely American tradition that was practiced and pushed by one of its founding fathers, Benjamin Franklin. Himself being called "the most accomplished American of his age and the most influential in inventing the type of society America would become". A nontrivial amount of his autobiography is him espousing productivity and the ways he accomplished so much in his life.

I think it's fine to kind of just chill in life, but I think it's also great that some people feel a real fire under themselves to get as much done in their lifetime before they die. It's why we have people like Benjamin Franklin who helped usher in the next several eras of progress for humanity.