Well, yes, we are always at that risk... but even basic numbers are getting much worse. Depending on who you ask, about 37% of Americans (give-or-take) cannot withstand a sudden $400 expense without using debt. This is ~5% higher than it was a year before, in 2021 when it was 32%.
https://www.federalreserve.gov/consumerscommunities/shed.htm
It goes without saying that there is a finite ceiling for how much debt a person can obtain. When 1/3 of the country risks hitting that ceiling with how debt use has increased, is unable to get more debt, and can't afford $400; you have a perfect recipe for extreme social unrest in the future if things don't turn around. It's made worse by inflation eating away at pay, and also the record-high APRs that credit cards are demanding; and high rates in general for debt of any kind.