I agree, but let's not forget that the more (semantically) obvious reason why people get locked out of wealth has more to do with not being able to take it than with not being able to produce it.

The price of a cell phone bill will make no difference to someone in an eviction situation and a cell phone is pretty much essential to participate in society today.

Rich people can virtue-signal all day long about how they live without a phone, but if you're poor and a potential employer or benefits office asks you for a phone number to process your application you can't afford to risk losing or delaying the opportunity.

If you are close to being evicted, you probably have a subsidized cell phone plan (at least in the US).

It's really an easy choice - it's orders of magnitude cheaper than rent and gives you access to always up to date maps, news, employers and friends (who can maybe take you in for a while). It may be counterintuitive but really is rational.