There are obviously external forces that contribute to anyone’s circumstances rich or poor.

But, ultimately, you can only spend as much as you make in income, or go bankrupt. Choosing to tack on an interest payment to your costs is often an unnecessary additional cost for people. That’s true if you’re poor buying a rudimentary TV or rich maxing out credit cards to furnish your mansion.

Depends. If your poor in America, then spending is often part of the equation. If your poor in India then perhaps not.